SIA reiterates weak outlook as profit slumps

Lower income: A SIA plane parked at the terminal of Changi International airport in Singapore. It says its net income tumbled 70 to S64.9miln (US46.8mil) in the three months through September from a year earlier – AFP

SINGAPORE: Singapore Airlines Ltd (SIA) said it will be vigilant on costs as it warned yet again that the weak operating outlook is likely to persist amid excess capacity and aggressive pricing by competitors.

The prospects for most major economies remain “tepid,” while passenger airline business continued to be impacted by geopolitical uncertainty and weak global economic conditions, SIA said in a statement on Thursday.