Singapore Airlines (SIA), the world's second-largest carrier by market value, reported better-than-expected second-quarter earnings on Tuesday, enhanced by a strong recovery in passenger traffic, particularly the premium segment.The airline, 55 percent owned by Singapore state investor Temasek Holdings [TEM.UL], earned S$380.2 million ($295.9 million) in the quarter ended September evaluate with a S$159 million loss a year ago at the peak of the global recession which hit the sector poorly.
The net profit was ahead of an average predicts of S$341 million from three analysts surveyed.
The airline, which ranks following Air China (601111.SS) in terms of market capitalization, battles with Cathay Pacific (0293.HK) and some Middle Eastern players such as Emirates.
Singapore Airlines shares have expanded 9.2 percent since commence of the year, underperforming the around 14 percent grow in the benchmark Singapore index.
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