Singapore Airlines warns on virus as it posts 11% rise in Q3 profit


SINGAPORE (Reuters) - Singapore Airlines Ltd faces "significant challenges" to its business from the coronavirus outbreak will be adjusting its network and tightly managing costs, it said on Friday, as it reported an 11% rise in third-quarter net profit.

The airline, a benchmark for premium carriers in Asia, said its earnings rose S$31mil to S$315mil in the quarter to Dec 31 due as revenue reached a record high S$4.47bil due to a transformation plan that boosted sales.

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