By Yifan Wang
Singapore Airlines Ltd. swung to a profit in its fiscal first half, driven by soaring travel demand after Singapore fully reopened to vaccinated travelers.
The Singapore airline carrier posted a profit of 926.9 million Singapore dollars (US$651.9 million), compared with a loss of S$836.8 million a year earlier.
Revenue more than doubled to S$8.42 billion.
The company expects passenger demand to remain strong into the year-end. However, it warned of weaker cargo demand amid muted consumer spending globally.
Write to Yifan Wang at yifan.wang@wsj.com
(END) Dow Jones Newswires
11-04-22 0712ET