During the quarter, the airline’s operating profit stood at $556 million making this SIA’s second-highest quarterly operating profit in its history after its highest ever quarterly operating profit of $675 million in the 3QFY2007/2008.
Singapore Airlines (SIA) has reversed into the black with a net profit of $370 million for the 1QFY2022/2023 ended June, compared to the $409 million loss in the 1QFY2021/2022 and compared to the $210 million loss in the 4QFY2021/2022.
The higher net profit was mainly due to the better operating performance and the absence of non-cash impairment charges.
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