Singapore Airlines flags near-term competition even as Q1 profit nearly doubles

Singapore Airlines flags near-term competition even as Q1 profit nearly doubles

FILE PHOTO: A Boeing 777-312ER aircraft of Singapore Airlines takes off during cold winter weather from Zurich Airport near Ruemlang, Switzerland, December 14, 2022. REUTERS/Arnd Wiegmann/File Photo

Singapore Airlines said on Thursday it expects competition to intensify in the coming months as carriers scramble to take advantage of strong overseas travel demand that helped the city-state’s flagship airline to post a record first-quarter profit.