Singapore Airlines Ltd. (SG:C6L) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Singapore Airlines reports significant growth in February 2024 with a 20.5% increase in available seat kilometers and a 19.7% rise in revenue passenger kilometers, indicating a robust recovery with passenger numbers up by 29.7%. Despite a slight drop in overall passenger load factor by 0.3 points, cargo operations saw a 12.9% boost in load and a 2.7 point increase in cargo load factor, suggesting strong performance in the airline’s freight services.
For further insights into SG:C6L stock, check out TipRanks’ Stock Analysis page.