Singapore Airlines is set to boost its stake in Air India by investing an additional Rs 3,194.5 crore following the Vistara merger, slated for complet

Singapore Airlines reported a slump in half-year earnings on Friday, reflecting stiff competition and higher costs, but added that it will post a gain of S$1.1 billion ($832.45 million) once the Air India-Vistara merger is completed.

Singapore Airlines Ltd. signaled profitability will remain under pressure despite expected "robust” demand for travel in the second half of the fiscal year, as it reported a slump in profit.

Singapore Airlines to invest Rs 3,195 cr in Air India after Vistara merger, taking its stake to 25.1%. The deal will be completed in November 2024.

Singapore Airlines Ltd. signaled profitability will remain under pressure despite expected “robust” demand for travel in the second half of the fiscal year, as it reported a slump in profit.

Singapore Airlines (SIA) reported a half-year profit on Friday that nearly halved year-on-year, reflecting intensifying market competition coupled with higher fuel costs and expenses. Airlines globally have ramped up the number of flights and routes to cater to robust air travel demand,