Singapore Air sees 3Q earnings soar 62% on higher operating profit, absence of Tigerair writedown

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SINGAPORE (Feb 13): Singapore Airlines (SIA) saw group earnings soar 61.6% to S$286.1 million for the 3Q ended December, from S$177.2 million a year ago.

The increase was to a 12% increase in operating profit to S$329.4 million in 3Q17/18, as well as the absence of a S$79 million writedown of the Tigerair brand and trademark made a year ago.

Group revenue grew 6.0% to S$4.08 billion in 3Q17/18, from S$3.85 billion a year ago, on the back of revenue improvements in all business segments... (Click here to read the full story.)