Singapore Airlines reports a record net profit of S$2.68bn for FY2024 due to strong North Asia demand.
Singapore Airlines reported a record annual net profit of S$2.68 billion for the fiscal year ended March 2024, up 24% from the previous year due to strong travel demand in North Asia. The company's revenue rose 7% to a record S$19 billion, while demand for air travel remained healthy in the first quarter of the new fiscal year. However, challenges such as geopolitical issues, supply chain disruptions, and fierce competition persist in the industry.
May 15, 2024
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