Despite the challenges created by high fuel prices and a proliferation of new entrants in the local market, Singapore Airlines Group announced a net profit attributable to shareholders of S$1.39 billion ($839.7 million) for the fiscal year ended March 31. This is a 63.6% increase over a net profit of S$849.3 million in the previous SARS-affected fiscal year, which included a tax writeback of S$205 million as a result of a reduction in the Singapore company tax rate. The carrier attributed ...

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