SINGAPORE: Singapore Airlines Ltd (SIA), the world's second most valuable carrier, affirmed yesterday previous guidance that it is targeting a long-term annual profit of at least S$1.4bil.
The airline has said that to meet the challenges of the aviation industry and sustain profitability, it would need to cut costs by between 10% and 20%, or between S$800mil and S$1.6bil, under a range of projected scenarios.
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