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Singapore Airlines posts Q3 profit rise on strong travel demand
© Reuters. FILE PHOTO: A logo is pictured on a seat of a Singapore Airlines Airbus A350 at the gate at JFK airport before a scheduled direct flight to Singapore in the Queens borough of New York City, New York, U.S., November 11, 2020. REUTERS/Carlo Allegri/File Pho
(Reuters) -Singapore Airlines Ltd (SIA) reported a 4.9% jump in its quarterly net profit on Tuesday, boosted by a strong air travel demand in key markets.
Demand for air travel remained robust in the quarter due to a rebound in air travel in North Asia as China, Hong Kong, Japan, and Taiwan fully reopened following the end of Covid curbs, the company said in a statement.
The city-state’s national carrier reported its net profit rose to S$659 million ($489.82 million) in the third quarter ended Dec. 31 from S$628 million a year ago.
Its revenue rose 4.9% to S$5.08 billion, the company said.
($1 = 1.3454 Singapore dollars)
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