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Singapore Airlines Limited (C6L.SI)
- Reuters SG
Singapore Airlines narrows annual loss, says outlook improving
Singapore Airlines Ltd (SIA) on Wednesday posted a narrower annual loss of S$962 million ($694.08 million), at a time when demand remained low due to the pandemic, but said the outlook was improving as travel restrictions were lifted. SIA's third consecutive net loss in the 12 months ending on March 31 was an improvement from the S$4.3 billion loss a year earlier that included impairment charges on 45 older aircraft. The latest figure was in line with the average forecast of a S$968.5 million net loss from 11 analysts polled by Refinitiv.
- Reuters SG
UPDATE 3-Scoot CEO Wilson appointed head of Air India
Air India's new owner Tata Sons said on Thursday it would appoint Campbell Wilson, the head of Singapore Airlines' budget carrier Scoot, as its chief executive, subject to regulatory approvals. New Zealand-born Wilson, 50, will step down from his current role on June 15, Singapore Airlines said. Tata Sons completed its purchase of the previously state-owned Indian national carrier in January and has been searching for an executive to lead a major turnaround plan.
- Reuters SG
Star Alliance to introduce co-branded credit card, non-air partner
Star Alliance, one of the world's three major airline groups, will soon announce an alliance co-branded credit card and introduce a European non-air transport partner in industry-first moves, its chief executive said on Thursday. The alliance, which includes United Airlines, Lufthansa and Singapore Airlines among its 26 member carriers, will launch the credit card in a single market that will be named at a later date, CEO Jeffrey Goh told reporters. Star Alliance will also soon offer joint procurement of sustainable aviation fuel (SAF) at one of its major hubs, he added.
