{"id":139530,"date":"2023-05-16T12:00:00","date_gmt":"2023-05-16T12:00:00","guid":{"rendered":"https:\/?p=139530"},"modified":"2023-05-16T21:51:59","modified_gmt":"2023-05-16T21:51:59","slug":"singapore-airlines-posts-first-annual-profit-since-2020","status":"publish","type":"post","link":"https:\/\/aviacionaldia.com\/en\/2023\/05\/singapore-airlines-posts-first-annual-profit-since-2020.html","title":{"rendered":"Singapore Airlines posts first annual profit since 2020"},"content":{"rendered":"\n<p><strong>Singapore Airlines<\/strong> on Tuesday reported its first annual profit since 2020 and projected solid demand for next year as it sees a big increase in bookings to China, Japan and South Korea after pandemic-related restrictions disappeared worldwide.<\/p>\n\n\n\n<p>Pent-up demand following the reopening of domestic borders in April last year has helped the airline recover from pandemic-era losses.<\/p>\n\n\n\n<p><strong><em>\u2192 <a href=\"https:\/en\/2023\/02\/singapore-airlines-named-airline-of-the-year.html\">Singapore Airlines named \u2018Airline of the Year\u2019 at Air Transport World Awards<\/a><\/em><\/strong><\/p>\n\n\n\n<p>However, the company warned that increased competition, macroeconomic uncertainties and inflation could pose challenges for the sector in the coming months.<\/p>\n\n\n\n<p>Singapore Airlines estimates that the group&#8217;s capacity will reach an average of about 83% of pre-pandemic levels in the first half of fiscal 2023\/2024, it said in a statement.<\/p>\n\n\n\n<p>The airline, which is set to take a 25.1% stake in Air India, posted a net profit of 2.16 billion Singapore dollars ($1.63 billion) for the year ended March 31, compared with a loss of 962 million Singapore dollars in the previous year and higher than a Refinitv estimate of 2.01 billion Singapore dollars.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"related-topics\">Related Topics<\/h2>\n\n\n\n\t\t\t<div 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uagb-post__cta wp-block-button\">\n\t\t\t\t<a class=\"wp-block-button__link uagb-text-link\" style=\"\" href=\"https:\/\/aviacionaldia.com\/en\/2026\/05\/gol-linhas-aereas-to-launch-direct-salta-rio-de-janeiro-route-in-december.html\" target=\"_self\" rel=\"bookmark noopener noreferrer\">Read More<\/a>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t","protected":false},"excerpt":{"rendered":"Singapore Airlines on Tuesday reported its first annual profit since 2020 and projected solid demand for next year&hellip;\n","protected":false},"author":4316,"featured_media":101801,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","footnotes":""},"categories":[1],"tags":[230,465,467],"class_list":{"0":"post-139530","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-airlines","8":"tag-airline","9":"tag-asia-2","10":"tag-singapore-airlines-2"},"uagb_featured_image_src":{"full":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/10\/Singapore-Airlines-A350.jpg",800,400,false],"thumbnail":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/10\/Singapore-Airlines-A350-150x150.jpg",150,150,true],"medium":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/10\/Singapore-Airlines-A350-300x150.jpg",300,150,true],"medium_large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/10\/Singapore-Airlines-A350-768x384.jpg",768,384,true],"large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/10\/Singapore-Airlines-A350.jpg",800,400,false],"1536x1536":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/10\/Singapore-Airlines-A350.jpg",800,400,false],"2048x2048":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/10\/Singapore-Airlines-A350.jpg",800,400,false],"pk-small":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/10\/Singapore-Airlines-A350-80x80.jpg",80,80,true],"pk-thumbnail":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/10\/Singapore-Airlines-A350-300x225.jpg",300,225,true],"csco-small":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/10\/Singapore-Airlines-A350-80x80.jpg",80,80,true],"csco-intermediate":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/10\/Singapore-Airlines-A350-200x140.jpg",200,140,true],"csco-thumbnail":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/10\/Singapore-Airlines-A350-380x220.jpg",380,220,true],"csco-thumbnail-alternative":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/10\/Singapore-Airlines-A350-300x180.jpg",300,180,true],"csco-thumbnail-uncropped":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/10\/Singapore-Airlines-A350-380x190.jpg",380,190,true],"csco-medium":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/10\/Singapore-Airlines-A350.jpg",800,400,false],"csco-medium-alternative":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/10\/Singapore-Airlines-A350-560x336.jpg",560,336,true],"csco-medium-uncropped":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/10\/Singapore-Airlines-A350.jpg",800,400,false],"csco-large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/10\/Singapore-Airlines-A350.jpg",800,400,false],"csco-large-uncropped":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/10\/Singapore-Airlines-A350.jpg",800,400,false],"csco-extra-large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/10\/Singapore-Airlines-A350.jpg",800,400,false]},"uagb_author_info":{"display_name":"Redacci\u00f3n - Aviaci\u00f3n al D\u00eda","author_link":"https:\/\/aviacionaldia.com\/en\/author\/aad"},"uagb_comment_info":0,"uagb_excerpt":"Singapore Airlines on Tuesday reported its first annual profit since 2020 and projected solid demand for next year&hellip;","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts\/139530","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/users\/4316"}],"replies":[{"embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/comments?post=139530"}],"version-history":[{"count":1,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts\/139530\/revisions"}],"predecessor-version":[{"id":139532,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts\/139530\/revisions\/139532"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/media\/101801"}],"wp:attachment":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/media?parent=139530"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/categories?post=139530"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/tags?post=139530"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}