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SIA Q1 profit hit by lower revenue, associates' losses

Weaker yields and softer travel demand from some key Asian markets

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SINGAPORE Airlines (SIA) chalked up a 71.4 per cent drop in net profit to S$34.8 million for the first quarter ended 30 June, 2014, as revenue declined and share of losses of associated companies soared - PHOTO: REUTERS

SINGAPORE Airlines (SIA) chalked up a 71.4 per cent drop in net profit to S$34.8 million for the first quarter ended 30 June, 2014, as revenue declined and share of losses of associated companies soared.

Revenue was 4.1 per cent lower year-on-year at S$3.68 billion as passenger revenue

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