SIA reports higher Q3 profit
Net profit surges 61.5% y-o-y to S$286.1m; but airline flags competition and rising fuel prices as challenges
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
SINGAPORE Airlines' (SIA) third quarter profit surged ahead, bolstered by higher passenger and cargo revenues, as well as from the absence of a write-down that was made in the corresponding period last year.
Net profit jumped 61.5 per cent year-on-year to S$286.1 million, as operating profit climbed S$37 million, and as its bottom line was boosted by the absence of the S$79 million write-down of the Tigerair brand and trademark that was made last year.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
Amazon’s MGM Studios gains creative control over ‘James Bond’ franchise
UOB’s Wee Ee Cheong says S$4.9 billion Citi deal ‘paying off’ as Asean push accelerates
In taxing wealth, how far can Singapore push property owners?
