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Singapore Airlines reports a 59% drop in net profit, but revenue rises 1.5% amid travel demand.
Singapore Airlines reported a 59% drop in first-quarter net profit to S$186 million, primarily due to losses from its stake in Air India and lower interest income.
Despite this, revenue rose by 1.5% to S$4.79 billion, with strong passenger demand.
The airline also faced challenges from increased non-fuel costs and inflation, while forecasting continued strong travel demand amid global risks.
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Singapore Airlines informa una caída del 59% en las ganancias netas, pero los ingresos aumentan un 1,5% en medio de la demanda de viajes.