NEW YORK (Reuters) - Investors are piling into bullish options bets on Tesla shares, with the stock hitting its highest level in more than two years on bets that CEO Elon Musk’s close ties to President-elect Donald Trump may benefit the electric car maker.
Signage for Singapore Airline s Ltd. during a news conference in Singapore , on Monday, Nov. 11, 2024. Singapore Air shares plunge after the company said second-quarter net income fell 59% and warned that profitability would remain under pressure. Photographer: Nicky Loh/Bloomberg
“The group will remain nimble and agile, adjusting its passenger network and capacity to match evolving demand patterns.” For the first half of its financial year ending March 31, 2025, revenue rose 3.7% year-on-year to S$9.5bil, while net profit was down 48.5% to S$742mil for the period. While passenger demand has yet to catch up with newly available capacity, the additional aircraft will give the national carrier the flexibility to increase flights to take advantage of the popular northern winter season between Oct 27, 2024, and March 29, 2025.
These will include increased weekly services to destinations such as Adelaide, Barcelona, London , Milan and Rome, catering to the mid-year travel demand.
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