Singapore Profits Sink; SIA Cargo Posts Operating Loss
Singapore Airlines' net profit sank 14.6% to S$293 million (US$188 million) as record traffic could not offset high fuel prices. The carrier's revenue increased S$258 million or 7.7% thanks to 5.9% growth in passenger traffic and 2.9% in average yield. Expenses increased 10.9% in the quarter, mostly...
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