(Reuters) – Singapore Airlines (SIA) swung to a first-quarter net profit of S$370 million ($268 million), it said on Thursday, after a fourteenfold increase in passenger traffic year on year thanks to an easing of COVID-19 travel restrictions.
The figure was a major improvement from the S$409 million loss in the first quarter a year earlier, when more than two thirds of its revenue was from cargo.
SIA’s revenue tripled to S$3.9 billion in the three months to June 30.
($1 = 1.3806 Singapore dollars)
(Reporting by Jamie Freed in Sydney; Editing by David Goodman)
