SIA POST HEATHLY PROFIT

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By TESTCustomwebLP TESTCustomwebLP November 10, 2010 21:35

SIA POST HEATHLY PROFIT

Singapore Airlines (SIA) has reported a second-quarter net profit of 380.2 million Singapore dollars ($295.4 million), compared to a net loss of 158.8 million dollars in the same period a year ago. Total revenue in the July-September quarter was 3.6 billion dollars, up slightly from the 3.08 billion dollars posted last year.

Improved travel demand was credited for the rise but the airline was sanguine about the future due to the global economic situation, along with swings in jet fuel prices and currencies.

“Forward prices for jet fuel are high and volatile. There is continuing volatility in the currency markets due to challenges faced by the global economy,” SIA said in a statement. “Given these uncertainties, the positive outlook for the second half of the financial year has to be tempered with some caution.”

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By TESTCustomwebLP TESTCustomwebLP November 10, 2010 21:35
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