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SIA Q1 profit misses expectations as fuel price rises

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Nisha Ramchandani

Nisha Ramchandani

Published Thu, Jul 26, 2018 · 09:50 PM

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SIA

Singapore

WEIGHED down by rising fuel costs and the absence of one-off gains, Singapore Airlines' (SIA) first quarter performance missed analyst expectations.

Net profit for Q1FY18/19 slumped to S$139.6 million from a restated S$337.9 million a year ago as the average jet fuel price spiked by nearly 40 per cent.

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