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SIA Group swings to S$380 million quarterly profit, declares six-month dividend

Singapore Airlines parent SIA Group reported net income for its fiscal second quarter ended Sept. 30 of S$380.2 million ($295.6 million), turned around from a S$158.8 million net deficit in the prior-year period, as revenue jumped 17.9% to S$3.63 billion.

Singapore Airlines Boeing 747-400. Photo: By Rob Finlayson. Singapore Airlines parent SIA Group reported net income for its fiscal second quarter ended Sept. 30 of S$380.2 million ($295.6 million), turned around from a S$158.8 million net deficit in the prior-year period, as revenue jumped 17.9% to S$3.63 billion. Quarterly expenses increased just 0.9% to S$3.29 million and operating profit was S$345.7 million, reversed from an operating loss of S$181.4 million in the September 2009 ...

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