- US Job Losses to Bottom out Next Quarter: NABE
- Late Payments on Credit Cards Drop in Third Quarter
- Smallest US Businesses Borrowing Again: PayNet
- Little Sign of Inflation on the Horizon: IMF
- Kraft Weighs Higher Cadbury Bid as Rivals Circle
- MBS Program Should be Extended: Fed's Bullard
- JPMorgan's Dimon Could Succeed Geithner: Report
- Wall Street Finds Profits by Reducing Mortgages
- Microsoft, News Corp Weigh Online News Pact
- CNBC VIDEO: Warren Buffett & Bill Gates 'Walk & Talk' at Columbia University
- U.S. Stocks Slip, Dollar Rises
- How Stock Investors Can Play Holiday Travel
- Time Lapse World Series Is A Great Play
- Hirschhorn: Greed...or Fear
- My Top 10 Tech Toys for the Holidays
- iPhone a Better Gaming Platform Than Android?
- May Day For Dendreon
- 100% Mortgage Financing From USDA
- Ahead of the Bell: Met-Pro upgrade at Brean Murray
- Schumer and Hutchison argue over health care bill
- Iran says shift to euro netted $5B gain
- Aon to change its NYSE ticker symbol to 'AON'
- Ahead of the Bell: Analyst upgrades Eclipsys
- CDC Software 3Q profit rises on lower costs
- 51job CFO Peter Lui resigns for personal reasons
- Malaysian carmaker Proton posts quarterly profit
- Hong Kong bans ex-CLSA banker from finance jobs
Text Size 
SINGAPORE - Singapore Airlines Ltd. said it posted a loss for a second straight quarter as travel and tourism remained sluggish last quarter.
The carrier had a net loss in the July-September period of 159 million Singapore dollars ($114 million) compared to a profit of SG$324 million a year earlier, it said in a statement Tuesday.
The loss narrowed from SG$307 million in the previous quarter.
Revenue at the world's second-biggest airline by market capitalization fell to SG$3.1 billion for the quarter from SG$4.4 billion a year ago while expenditures dropped to SG$3.3 billion from SG$4.1 billion.
Singapore Airlines flew 4.2 million passengers last quarter, down from 4.9 million a year earlier.
"Advance bookings indicate that demand for air travel has stopped declining and is gradually recovering," the company said in a statement.
The airline has cut flights to the U.S., Europe and Asia, with plans to reduce capacity by 11 percent from April to March 2010.
Print
Email
- Technology can make or break a fortune in the world of alternative energy.
- Warren Buffett and Bill Gates discuss the economy and other subjects with CNBC's Becky Quick.
- Many people are facing the holidays with substantially smaller incomes. Here’s how some are adapting.
- The Victoria's Secret Fashion Show attracts a big TV audience every year, but this year it may take on even more importance.
- Jim Cramer is a proponent of stocks that pay healthy dividends, and here are his top five dividend plays.
- CNBC’s technology reporter Jim Goldman guides you through the best gadgets to buy this holiday season.
Data is a real-time snapshot *Data is delayed at least 15 minutes