12 December 2022, etc.venues Monument, London
Business Travel Show Europe, presented by The BTN
21 November, London Hilton Metropole
Figure improvement on Q1
A second quarter loss of S$159m (€76.5m) was reported by Singapore Airlines (SIA).
The carrier said the result was an "improvement" on its first quarter loss of S$307m (€147.7m).
While group revenue increased by S$210m (€101m) (7.3%) to S$3,082m (€1.482m), SIA said that its cost went up by S$73m (€35m) (2.3%) quarter on quarter mainly because of higher fuel prices.
It said the increased costs were partially offset by staff cuts and savings in non-fuel spending.
The group, which includes SilkAir, said its operating loss for the three months to the end of September was S$182m (€87.5m) compared with S$319m (€153.4m) in the first quarter.
The Group said: "Advance bookings indicate that demand for air travel has stopped declining and is gradually recovering.
"The capacity programmed for the remainder of the year appears well matched to the demand.
"The market conditions allow for some rollback of promotional pricing but yields are unlikely to get back to pre-crisis levels within the next six months."