Singapore’s flagship carrier booked a profit of $20m for the three monthsto the end of September, down from $50m a year ago and a long way from the $60mconsensus.
Ng YatChung, chief executive of NOL, said in a statement: “This is one of the weakestpeak seasons we have seen in recent years, characterised by depressed freightrates and industry over-capacity.
“Nevertheless,our business units delivered encouraging results.
