Singapore Airlines Flags Fierce Competition as Quarterly Profit Slumps
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 08 2024
0mins
Should l Buy ?
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.
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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.
