Singapore Airlines posts HY profit slump; sees $832 million gain from Air India-Vistara merger

(Reuters) -Singapore Airlines reported a slump in half-year earnings on Friday, reflecting stiff competition and higher costs, but added that it will post a gain of S$1.1 billion ($832.45 million) once the Air India-Vistara merger is completed.

The city-state’s flag carrier is expecting the merger between Tata Group’s Air India and Vistara, a joint venture between Singapore Airlines and Tata, to be completed by the end of November.

The airline will recognise a non-cash accounting gain…