New Delhi, Feb 2 (Inditop.com) Asian carrier Singapore Airlines made profits in the third quarter ending December this fiscal at $286 million after reporting losses in the two preceding quarters.
The airline earned $286 million during October-December 2009. The net profit was $95 million in the second quarter and $185 million during first quarter of the current fiscal.
The airline has a fleet size of 107 passenger aircraft and is six-years-old. Singapore Airline is optimistic about this year.
“The business outlook for the group in 2010 is encouraging but it must be acknowledged that uncertainties linger over the global economy,” the airline said in a statement.
“Passenger loadings in January and bookings in hand indicate that the recovery in the third quarter is likely to continue in the final quarter of the current financial year. The improvement in yields is also holding up,” the airline said.
It said the air cargo was showing similar improvement. “It is more tentative because of the excess of freighter capacity and the unidirectional nature of cargo flows.”
