The group posted an operating profit of $755 million, 35.8% better than the $556 million operating profit a year before.
Analysts are pleased with Singapore Airlines (SGX:C6L
) (SIA) (SGX:C6L) as the group recorded a set of healthy 1QFY2024 ended June results, believing that profits have peaked this quarter.
On Jul 28, SIA announced that its net profit came in at $734 million, a 98% improvement y-o-y and 16% higher q-o-q. Its highest quarterly performance in its history came amidst robust demand for air travel through the mid-year school holidays and the start of the summer travel season.
