SIA Group 1Q profit drops on subsidiary performance

Credit: Rob Finlayson
Losses at its subsidiary carriers contributed to Singapore Airlines (SIA) Group posting a nearly 21% decline in first-quarter net income. The group reported a net profit of SGD111 million ($81.9 million) for the quarter, down from SGD140 million in the year-ago period. Total revenue rose 6.7% year...

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