Singapore Airlines (SIA) may see unusual trading volume today after it posted a 19.7% rise in quarterly profit to $403.7 million, rebounding from two straight quarters of losses. US stocks rallied for a second day last night as better-than-expected earnings and encouraging data calmed investors after the market’s recent sell-off. The Straits Times Index (.FTSTI) fell 0.56% to close at 2,720.87 points last night.
Singapore Airlines (SIAL.SI) is on course to avert a full-year loss as a recovery in passenger and cargo demand helped it report its best quarterly profit in almost two years.
