US Top News and Analysis | Singapore Airlines sticking with Air India for the "long game" despite losses
AI generated summary, Read the full article for complete information.
Singapore Airlines’ stake in Air India has been a drag on its earnings, with Air India posting a loss of SG$3.56 billion (US$2.8 billion) for the June‑August period, of which SG$945.2 million was attributable to Singapore Airlines. Despite the steep loss and operational setbacks—including closed Pakistani airspace, a fatal crash, and disruptions from the Iran war that forced the carrier to cancel a third of its flights—SIA’s CEO Goh Choon Phong says the airline will continue supporting Air India as part of a long‑term transformation plan. SIA recorded record revenue of SG$20.5 billion for the year but saw net profit fall 57 % to SG$1.18 billion, mainly because of the Indian partner’s performance. Analysts acknowledge the venture is strategic and likely unprofitable in the short run, but expect it could pay off as India expands airport infrastructure and demand for air travel grows.
#SingaporeAirlines #AirIndia #Vistara #GohChoon # #GohChoonPhong
Air India cancels flights to 6 European airports until September
एयर इंडिया ने घटाईं अंतरराष्ट्रीय उड़ानें: क्या महंगे ईंधन और भू-राजनीतिक तनाव हैं कारण?
https://aliyesha.com/sub/articles/news/display/nd_flights_reduced_international_fuel
#AirIndia #InternationalFlights #AviationNews #FuelPrices #FlightCuts #TravelNews #Geopolitics #News
Enjoy tracker free reading with us. #privacy #privacymatters
Air India Suspends Flights as Iran Crisis Pushes Up Fuel Costs