Singapore Air Profit Misses Estimates on Passenger, Cargo Yields

Singapore Air Profit Misses Estimates on Passenger, Cargo Yields

Munshi Ahmed/Bloomberg

A Singapore Airlines Ltd. Airbus SAS A380 aircraft flies past storm clouds as it approaches for landing at Changi Airport in Singapore. To compete, Singapore Air last year agreed to buy a 10 percent stake in Virgin Australia Holdings Ltd. for A$105 million ($108 million).