Pursuits
Singapore Air Profit Misses Estimates on Passenger Yields
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Singapore Airlines Ltd., Southeast Asia’s biggest airline, reported profit that missed analyst estimates for a fifth consecutive quarter on cheaper fares to carry passengers and cargo.
Net income rose 5.4 percent to S$142.5 million ($115 million) in the three months ended December, the airline said in a statement yesterday, missing the S$161 million average of four analysts’ estimates compiled by Bloomberg.