Singapore Airlines Flags Fierce Competition as Quarterly Profit Slumps
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 08 2024
0mins
Source: WSJ
Earnings Decline: Singapore Airlines reported a 59% drop in net profit for the second quarter, totaling 290 million Singapore dollars (US$219.7 million), due to increased capacity and competition affecting yields.
Operational Challenges: The airline's weaker performance was further impacted by lower net interest income and losses from aircraft disposals, contrasting with gains from the previous year.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
