FINWIRES · TerminalLIVE
FINWIRES

Singapore Airlines' Passenger Traffic Rises 3% in July

By

Singapore Airlines' (SGX:C6L) group passenger traffic rose 2.6% year on year in July, according to a Monday filing on the Singapore Exchange.

Passenger capacity increased 5.5%, while group passenger load factor came in at 86%.

Combined passenger carriage increased 4% year on year to 3.7 million. Cargo loads were stable year on year, while cargo capacity fell 1.5%, lifting the cargo load factor to 58%.

During the month, the airline's budget unit, Scoot, suspended services to Jeddah in Saudi Arabia from July 14 following an escalation of the Middle East conflict, while Singapore Airlines' services to Dubai remain suspended.

As of July 31, the group's passenger network covered 136 destinations across 35 countries and territories, while its cargo network spanned 139 destinations across 36 countries and territories.

Related Articles

Asia

Dreadnought Resources Says Rock Chip Sampling Confirms High-Grade Tungsten at Western Australia Projects

Dreadnought Resources (ASX:DRE) said rock chip sampling at both the Mangaroon and Mangaroon South projects in Western Australia confirmed high-grade tungsten, according to a Monday Australian bourse filing.At Mangaroon, rock chip sampling at the Nina target resulted in samples of 6.5% tungsten trioxide and 3.3% tungsten trioxide. The Mulka Well prospect at Mangaroon South confirmed scheelite mineralisation with significant rock chip results including 1.9% tungsten trioxide and 1.4% tungsten trioxide.Drilling at Nina is planned for the end of 2026 or the start of 2027. Systematic sampling and mapping of the Mangaroon South prospects will begin in September.

ASX:DRE
Asia

Fubon Financial Commits Up To $200 Million Investment in StepStone VC Secondaries Fund VII; Shares Down 4%

Fubon Financial Holding (TPE:2881), through its subsidiary Fubon Life Insurance, has committed up to $200 million to Brookfield Infrastructure Fund VI-A, according to a Friday filing to the Taiwan stock exchange.The transaction is with Brookfield Asset Management Private Institutional Capital Adviser (Canada), which is not a related party.The company's shares were down over 4% in Monday's trade.The transaction, approved by the board of directors, represents an estimated 0.67% holding in the fund, the filing showed.

TPE:2881
Asia

Metrocon Holdings Posts MYR2.6 Million Loss for H1

Metrocon Holdings (SGX:WYO), formerly known as Hatten Land, posted an attributable loss of 2.58 million ringgit, or 0.0014 ringgit per share, for the six months ended June 30, according to a Friday filing with the Singapore Exchange.For the 12 months ended June 30, the company reported an attributable loss of 45.5 million ringgit, or 0.0245 ringgit per share.The results relate to Hatten Land, following its reverse takeover of Metrocon, after which Hatten Land changed its name to Metrocon Holdings and its financial year-end to Dec. 31 from June 30.The group's financial statements do not include Metrocon Pte. Ltd., as the acquisition was completed on July 31, after the reporting date.

SGX:WYO