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Singapore Airlines' Q3 earnings fall 36%

Operating profit higher as net fuel costs fall but bottom line was hit by write-down and absence of one-time gain

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Amid stiff competition and headwinds in the global economy, the SIA group warned that loads and yields for both the cargo and passenger businesses would continue to face compression.

Singapore

WEIGHED down by a write-down and the absence of a gain, Singapore Airlines (SIA) reported a near 36 per cent year-on-year drop in net profit to S$177.2 million for its fiscal third quarter ended Dec 31, 2016.

The group recognised a S$79 million write-down of the Tigerair

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