News Snapshot:
For the first time since the COVID-19 pandemic began, Singapore Airlines (SIA), a co-owner of Gurgaon-based Vistara Airline, recorded a quarterly profit. For the third financial quarter, which concluded in December 2021, the airline made a net profit of SGD 85 million (USD 62.8 million). It ascribed this to a considerable increase in passenger numbers as a result of pent-up demand for air travel during the year-end holiday season, when Singapore opened its VTL (vaccinated travel lane) programme to visitors. Record cargo revenues were also a big contributor to the performance, thanks to “strong demand and limited capacity that sustain...
