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Singapore Airlines (SIAL.SI)(SIAL.SI), the world's second largest airline by market value, said it sees recovery in business class demand over the next 12 months but warned that the carrier is “not out of the woods yet”.
Chew Choon Seng, chief executive of SIA, said the airline will exercise caution when adding capacity, given the continued uncertainties in the global economy.
SIA, 55% owned by Singapore state investor Temasek Holdings (TEM.UL), booked a net profit of $278 million in the fourth quarter, compared to $42 million a year ago and a Reuters consensus of $266 million.
