SIA Group profits fall 47.5% on higher fuel costs; posts record revenue

Credit: Rob Finlayson
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...

Subscription Required

 

This content requires a subscription to one of the Aviation Week Intelligence Network (AWIN) bundles.

Schedule a demo today to find out how you can access this content and similar content related to your area of the global aviation industry.

Already an AWIN subscriber? Login

 

Did you know?  Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.