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Singapore Airlines trims losses as Asia travel slowly rebounds

Japan and South Korea peers also look to ride elusive COVID recovery tailwind

Singapore Airlines says it will maintain "cost discipline" in the face of inflationary pressure, particularly in regard to fuel prices.   © Reuters

SINGAPORE -- Singapore Airlines trimmed pandemic-induced losses in its most recent financial year as it chased a COVID recovery tailwind that has been slow to gain force in Asia, where tourists are choosing to fly again at a slower pace than in other regions.

The city-state's flag carrier on Wednesday reported a net loss of 125 million Singapore dollars ($90.1 million) for the months from October through March, the second half of its financial year, leading to an annual net loss of SG$962 million.

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