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SIA Cargo provision drags group into the red with S$138m Q4 loss
Analysts had forecast S$54m profit for group; it posted S$224m gain in previous corresponding quarter
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Published Thu, May 18, 2017 · 09:50 PM
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Singapore
SINGAPORE Airlines (SIA) surprised with a fourth-quarter loss, as the bottom line was weighed down by a provision for SIA Cargo as well as weaker operating profit.
The group's net loss was S$138.3 million for the three months ended March 31, versus a net profit of S$224.7 million a year ago, missing analysts' expectations of a S$54.3 million profit, according to a Bloomberg poll.
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