Singapore Airlines' Profits Drop 27 Percent
Singapore Airlines, not immune to Asia's economic downturn, posted operating profits of S$549 million (US$324 million) for fiscal 1998-99 on Friday, down 27.3% from the prior year. Pre-tax profits fell 14.5% to S$882 million ($520 million). Like several other Asia/Pacific airlines, SIA deferred...
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