Deteriorating financial performance by the mainline parent carrier is the major culprit for a significant slide in profits for the Singapore Airlines (SIA) Group. The group reported a net profit of 360 million Singaporean dollars ($259 million) for the fiscal year through March 31, a drop of 55% from the previous year. Group operating profit was down 8.5%. The news was worse for the fiscal fourth quarter, with the group sinking to a net loss of S$138 million compared to a profit of S$225 ...

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