A Singapore Airlines plane is seen among the planes in the static display at the Singapore Airshow in Singapore, on Feb 16, 2022. Singapore Airlines on Tuesday posted a record half-year profit reflecting strong travel demand as passenger traffic to the northern part of Asia rebounded after countries fully reopened post the COVID-19 pandemic.
It also recorded a S$413 million decrease in costs associated with fuel for the six-month period but flagged concerns around a spike in prices due to supply risks in the oil market. The group expects to return to pre-Covid passenger capacity levels within fiscal 2024-2025, it added. The latest redemption, to be paid to eligible bondholders on Dec 26 on a pro-rata basis, will see Singapore Airlines meet the accreted principal amount payable of 110.408 per cent of the MCBs' principal amount or around S$1.71 billion.