Subsidiary Losses Weaken SIA Group Q1 Performance

Credit: Joe Pries
SINGAPORE—Losses at its subsidiary carriers contributed to Singapore Airlines (SIA) Group posting a nearly 21% decline in its fiscal 2019/2020 first-quarter (Q1) net income. The group reported a net profit of S$111 million ($81.9 million) for the quarter, down from S$140 million in the year-ago...

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