Singapore Airlines Posts Flat 1996 Profits Of $714 Million
Singapore Airlines retained its leading place in airline profitability in 1996, but earnings increased just 0.6% to S$1.03 billion (US$714 million) as fuel expenses rose and yields fell. Revenue grew 4.8% to S$7.2 billion ($5 billion) and group operating profit fell 14.3% to S$896 million ($620...
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