Airline

Singapore Airlines profits drop in first fiscal quarter results

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Singapore Airlines profits drop in first fiscal quarter results

Singapore Airlines and its low cost subsidiary Scoot reported a first fiscal quarter operating profit of S$405 million ($299.7 million), down 13.8% compared to the same period last year. Revenues were up only 1.5% to S$4.8bn ($3.55bn), while total expenditure was up 3.2% to S$4.4bn ($3.26bn) in the...

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