Singapore Airlines reaffirms support for Air India's transformation despite drag on earnings
Singapore Airlines CEO Goh Choon Phong said the firm will continue to support Air India's transformation. That's despite an 82% drop in the group's Q2 net profit, weighed down by its stake in Air India and lower interest income. Singapore Airlines said the key factors that led to Air India's losses were the tragic crash in June, closures in the Indian-Pakistan and Middle Eastern airspaces, as well as an unfavourable exchange rate. Claudia Lim reports.
Singapore Airlines CEO Goh Choon Phong said the firm will continue to support Air India's transformation. That's despite an 82% drop in the group's Q2 net profit, weighed down by its stake in Air India and lower interest income. Singapore Airlines said the key factors that led to Air India's losses were the tragic crash in June, closures in the Indian-Pakistan and Middle Eastern airspaces, as well as an unfavourable exchange rate. Claudia Lim reports.
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