SIA Q3 RESULTS

The SIA Group has reported an operating profit of $509 million in the third quarter of the 2010-11 financial year, an increase of $186 million (+58%) over the same quarter last year. Revenue at $3,841 million grew $423 million (+12%) year-on-year, supported by continued improvement in carriage and yields. On the cost side, Group expenditure rose $237 million (+8%) to $3,332 million. Expenditure on fuel before hedging increased $154 million owing to higher jet fuel prices. Group net profit for the third quarter was $288 million, a decline of $116 million from the corresponding period a year earlier. In the