Singapore Airlines posts 27% drop in 3Q earnings to S$284 mil on higher fuel costs

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SINGAPORE (Feb 15): Singapore Airlines (SIA) reported 3Q19 earnings declined 27% to S$284.1 million, compared to S$389.2 million in 3Q18.

For 9M19, group earnings came in at S$480.1 million, 53% lower than its 9M18 earnings of S$1.02 billion.

Revenue for the quarter was 6.5% higher at S$4.34 billion from S$4.08 billion in the previous year, largely driven by a 7.7% y-o-y growth in passenger demand.

Passenger traffic for the Group rose 8.0%, which outpaced the growth in capacity, resulting in...(click on link for full story on theedgesingapore.com)