Singapore Airlines first-quarter loss narrows on cargo demand boost


BENGALURU (Reuters) - Singapore Airlines Ltd (SIA) on Thursday posted a S$409 million (US$302 million) first-quarter loss, narrower than a year earlier, helped by a strong air cargo market and no major impairments.

The airline forecast passenger capacity to reach 33% of pre-pandemic levels in the second quarter, and said it would serve at least 50% of locations it did before by the end of September.

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