Reuters
Singapore Airlines reports record quarterly revenue
Singapore Airlines, a major Asian air freight carrier, has benefited from rising volumes of e-commerce out of China and the region. The airline’s net profit more than doubled to a record in the quarter ended December 31, helped by a one-time gain from the merger of Air India and Vistara. Singapore Airlines, which owned about 49% of Indian carrier Vistara, completed a merger of Air India and Vistara last November, in a bid to create a dominant full-service airline for India’s domestic and international markets.
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