SUBSCRIBERS

High fuel prices send SIA's Q2 profits tumbling 81%

A 40% jump in fuel price drove up fuel cost by 24%, overshadowing improvements in revenue and cost efficiency

Anita Gabriel
Published Tue, Nov 13, 2018 · 09:50 PM

Singapore

NATIONAL carrier Singapore Airlines' bottom line headed south for the second quarter, with net profit tumbling to S$56 million from a restated profit of S$293 million a year ago, due to a combination of well-flagged, adverse factors by the analyst fraternity.

The group was hit by higher jet fuel prices and recognition of share of losses in an associated company.

KEYWORDS IN THIS ARTICLE

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Companies & Markets

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here