The Singapore Airlines (SIA) Group posted record revenue of SGD16.3 billion ($12 billion), up 3.2% year-over-year (YOY) for its 2018-19 fiscal year. However, the group—including LCCs SilkAir and Scoot—saw net profit fall 47.5% YOY to SGD683 million from SGD1.3 billion in financial year 2017/18. SIA points the decline to increased expenditure in 2018, primary because of the rising costs of fuel, which jumped 25%. Operating costs rose 7% YOY to SGD15.3 billion with fuel taking up ...

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