Singapore Airlines says Air India turnaround will take time
In short
Singapore Airlines said Air India’s turnaround will take time while it reported September-quarter results. The company kept backing Air India even as the airline faces billion-dollar losses.
What the reporting says
Singapore Airlines said transformation and profitability at Air India will take time while announcing its September-quarter results. The comments indicate the carrier expects a longer turnaround before results improve.
Why it matters
Singapore Airlines said transformation, including profitability, will take time while announcing its September-quarter results. The remarks were presented as continued backing for Air India despite billion-dollar losses. The statement matters for Air India, Singapore Airlines and aviation investors because it points to a longer recovery period before profitability is expected.