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Singapore Airlines Swings to Profit as Demand Roars Back

  • Capacity seen rising to 68% pre-Covid levels in second quarter
  • High fuel costs, slowing economic growth are risks to recovery
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Singapore Airlines Ltd. swung to a profit in the three months through June, as the end of travel restrictions across most of the world sparked a surge in demand for flights.

The airline said in a statement Thursday that it posted net income of S$370 million ($268 million) in the quarter, compared with a loss of S$409 million in the same period in 2021. Revenue came in at S$3.91 billion versus S$1.3 billion a year earlier.