SIA Q3 results

Eleanor Steed
By Eleanor Steed February 9, 2017 17:29

SIA Q3 results

Singapore Airlines (SIA) has reported a 1.7% increase in third-quarter operating profit, helped by an unexpected growth from cargo and mail, while net fuel costs fell.

Profit grew to S$293 million (US$207 million) for period, an increase of S$5 million.

SIA operating profit fell by 16.6% to S$151 million, while profit was down 9.1% in its SilkAir regional airline, and was flat-to-slightly-higher for low-cost subsidiaries, Tiger Airways and Scoot.

SIA Cargo posted an operating profit of S$53 million, compared to the same period of last year, which only managed a S$2 million profit.

Net fuel costs declined US$200 million, with net profits down by 35.6% to S$177 million.

Eleanor Steed
By Eleanor Steed February 9, 2017 17:29