Singapore Airlines carried a record number of passengers and generated record quarterly revenue, yet still fell into the red as surging fuel costs and losses at Air India overwhelmed its otherwise strong performance.
Demand was not the problem: Singapore Airlines and Scoot carried a record 10.9 million passengers during the quarter, while group revenue rose 19.3% to a quarterly record of S$5.71 billion. Passenger yields increased 12%, while cargo revenue climbed 33.5% to S$708 million.
But record revenue was not enough to overcome a dramatic increase in expenses.
A great solo travel tip spotted this week on Live and Let's Fly.
