Singapore Airlines Group (SIA) earned net income of S$379 million ($303.4 million) for its 2012-2013 fiscal year ended March 31, up 12.8% over a net profit of S$336 million in the prior fiscal year. The result, while a year-over-year improvement, was well below the S$1.09 billion net profit posted in the 2010-2011 fiscal year. “The global economic outlook remains uncertain with the ongoing weakness in the euro zone and sluggish recovery in the United States,” SIA said in a ...

Subscribe to Access this Entire Article

"Singapore Airlines boosts annual profit 12.8% but provides dim outlook" 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? ATWPlus@penton.com.