SIA Group posted a record operating profit of S$556 million (around US$403 million) in the first quarter ending June, as the city-state’s flag carrier swung back into the black amidst soaring demand for air travel. This is the airline’s highest quarterly operating profit since the third quarter of FY 2007–2008. Earnings for the period also reversed into a profit of S$370 million (US$268 million). The airline group’s capacity climbed to 61 percent of the pre-covid capacity in Q1 from around 47 … [Read more...] about Back in the black: SIA posts profit growth in Q1