Singapore Airlines narrows Q1 loss

Singapore Airlines (SIA) narrowed first quarter losses to just over $300 million, thanks to strong cargo sales. Overall revenue was up 52% on last year for the three months to 30 June.

SIA’s passenger traffic is now at 28% of pre-Covid-19 levels, it said. The airline expects to increase capacity to about 33% of pre-Covid-19 levels by the end of September. As at end-June, the group’s network covered 62 overseas destinations.

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