Singapore Airlines

Singapore Airlines is projected to swing to a 1QFY11 net profit of $236m after incurring $307m net loss same period last year, as global economic recovery boosts leisure, business travel and increased cargo movement. Both passenger (+8.8%) and cargo (+12.1%) traffic saw strong demand and tight capacity in 1QFY11. Results due after market close. Stock last +0.1% at $14.80.