Singapore Airlines warns of trade headwinds despite record annual profit

Carrier flags demand risks as operating profit fell 37% on rising costs, lower yields

20250515 Singapore Air

Singapore Airlines planes sit on the tarmac at Changi Airport in Singapore. © Reuters

TSUBASA SURUGA

SINGAPORE -- Singapore Airlines (SIA) has warned that escalating trade tensions and broader global uncertainties pose risks to travel and cargo demand in the year ahead, following a record net profit for the fiscal year ended March.

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