SIA Group closes Q3 with $734 million in net profit as demand soars

Singapore Airlines and its subsidiary Scoot produced $734 million net profit in the April-June quarter, compared to $370.4 million last year, mainly attributing it to better operating performance of +$199 million a net interest income versus a net finance charge last year of+$144 million and a share of profits versus a share of losses of associated companies last year (+$81 million), and partially offset by this year’s higher tax expense (-$62 million). Revenues ended at $4.479 billion, up from $3.928 billion. Expenses increased to $3.725 billion from $3.372 billion, although fuel costs were down by 21.8 percent to $1.154 billion.