The Economic Times

Singapore Airlines says tangible progress made in Air India's fleet renewal, service enhancements

Singapore Airlines reported tangible progress in Air India's fleet and service enhancements. The airline group's stake in Air India is a key pillar of its strategy. However, a net loss of USD 76 million was recorded in the April-June quarter. Increased jet fuel prices significantly impacted expenditures, despite fare adjustments. The company remains focused on growth opportunities and strengthening its competitive position.