Singapore Airlines Faces $52M Loss, Seeks Air India Aid
Update: 2025-11-13
Description
Singapore Airlines reports an 82% drop in quarterly profits, with net earnings of $52 million, far below analysts predictions of $181.47 million. The downturn is attributed to a $42 million decrease in interest income and a $295 million loss from its investment in Air India. The airline is also considering providing financial aid to Air India, which is seeking at least $1.1 billion. Despite financial challenges, Singapore Airlines is expanding commercial partnerships, recently launching new codeshare services with Vietnam Airlines and deepening its joint venture with the Lufthansa Group.
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