Singapore Air Sees Tariff Hit on Demand in Cautious Outlook (1)

Singapore Airlines Ltd. warned tariff and trade tensions on top of broader economic and geopolitical uncertainties could hurt demand for passenger and cargo flights.

The city-state flag carrier’s cautious outlook emerged despite full-year profit beating estimates and revenue rising to a record as strong travel demand countered intensifying pressure from competitors and geopolitical headwinds.

“The global airline industry faces a challenging operating environment,” the airline said in a statement. The growing challenges “may impact consumer and business confidence, potentially affecting both passenger and cargo markets,” adding it remained vigilant to adapt to changing market conditions.

Net income rose 3.9% to ...