Singapore Airlines in recovery mode, though economic uncertainties persist

Singapore Airlines has released its most upbeat assessment of market conditions since late 2007, declaring the business outlook for the Group in 2010 is "encouraging". But SIA was quick to acknowledge, "uncertainties linger over the global economy". SIA's rising confidence stems from passenger load factors in Jan-2010 and forward bookings that suggest the signs recovery witnessed in the third quarter are, "likely to continue in the final quarter of the current financial year".