Singapore Airlines (SIA) saw further signs of weakening passenger yield and revenue in the fiscal third quarter, although a strong showing by the cargo division helped bolster operating profit. The SIA Group reported a 3Q net profit drop of 35.6% to S$177 million, with major year-over-year shifts in special items. Third-quarter operating profit rose 1.7% year-over-year to S$293 million ($207 million). A 2.5% decline in revenue was mainly attributable to a “weak-yield ...

Subscribe to Access this Entire Article

"Singapore Airlines profit falls 35.6% in 3Q as yield weakens" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.