For 3 months between April and June, a first-quarter profit amounting to 253 million Singapore dollars (£119m; $184.7m) was made by Singapore Airlines (SIA). The loss in the same period in the previous year was S$307m, a figure which was well above expectations.

SIA, the second largest airline in the world by market value, said that the company rebound was as a result of the rise in the freight traffic and passenger. It also added that the current rise would be maintained in coming terms. The number of passengers increased by 5.5% in the quarter, whereas the amount of the cargo space filled increased from 60.6% in the previous year to 65%.

The volcanic ash cloud that created havoc for the airlines earlier this year in April, had no effect on the increasing number of passengers, the recovery still came. Singapore estimated that the eruption caused them a loss of S$50m.

In a statement, SIA said,” Advance bookings indicate that the year-on-year recovery in passenger carriage and yields evident in the quarter to June will hold up for the rest of 2010”. The International Air Transport Association (IATA) has stated that the airlines all over the world are expected to make a profit of $2.5bn this year.

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