BRIEF-Singapore Airlines Reports Qtrly Net Profit Attributable S$370 Mln
July 28 (Reuters) - Singapore Airlines Ltd:
* TRAVEL DEMAND IS EXPECTED TO REMAIN ROBUST IN NEAR-TERM
* QTRLY NET PROFIT ATTRIBUTABLE S$370 MILLION VERSUS LOSS S$409 MILLION
* SEES FORWARD SALES STAYING BUOYANT FOR NEXT THREE MONTHS UP TO OCTOBER 2022
* SIA GROUP WILL ADJUST SIA AND SCOOT NETWORK IN NORTHERN WINTER OPERATING SEASON
* QTRLY TOTAL REVENUE S$3,911 MILLION VERSUS S$1,295 MILLION
* CARGO DEMAND FROM ASIA HAS BEEN RECOVERING
* YIELDS ARE EXPECTED TO REMAIN HIGHER THAN PRE-COVID LEVELS IN NEAR TO MEDIUM TERM
* CHANGES TO COVID-19 SITUATION IN CHINA MAY ALSO IMPACT ONGOING RECOVERY IN COUNTRY'S EXPORT VOLUMES
* INFLATIONARY PRESSURES INCLUDING ELEVATED FUEL PRICES REMAIN A CONCERN
* SIA WILL INCREASE SERVICES TO POINTS ACROSS JAPAN, RESTORE ITS INDIAN NETWORK TO PRE-PANDEMIC LEVELS, AMNG OTHERS
* SCOOT WILL LAUNCH NON-STOP SERVICES TO TOKYO (NARITA) AND OSAKA, ADD MORE FLIGHTS TO BANGKOK, CEBU, MANILA, SEOUL AND SURABAYA
* ONE A320CEO WAS REMOVED FROM OPERATING FLEET IN PREPARATION FOR LEASE RETURN
* CABIN CREW RECRUITMENT RESUMED IN FEBRUARY 2022 AFTER A TWO-YEAR HIATUS
* THREE BOEING 737-8S ENTERED INTO SERVICE DURING Q1 FOR SIA Source text for Eikon: Further company coverage: