Singapore Airlines (SIA) has said its fourth quarter net profit soared more than six-fold as the global economic rebound boosted travel and cargo demand. Net profit in the three months to March was S$278 million (US$197.5 million), up from $42 million in the same quarter the year before, the company said in a statement. Together with the $404 million net profit in the third quarter, the fourth quarter earnings reversed $466 million in losses recorded in the financial first half. The airline … [Read more...] about Singapore Airlines’ Q4 net profit up six-fold
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Singapore Airlines' Q4 net profit up six-fold
Singapore Airlines (SIA) has said its fourth quarter net profit soared more than six-fold as the global economic rebound boosted travel and cargo demand. Net profit in the three months to March was S$278 million (US$197.5 million), up from $42 million in the same quarter the year before, the company said in a statement. Together with the $404 million net profit in the third quarter, the fourth quarter earnings reversed $466 million in losses recorded in the financial first half. The airline … [Read more...] about Singapore Airlines' Q4 net profit up six-fold
Emirates posts 1H net profit of US$200M
Emirates posts 1H net profit of US$200M Emirates airline produced a net profit of Dhs 752 million (US$205 million), for the first six months of its current financial year ending 30 September 2009. This represents a 165 per cent improvement compared to Dhs 284 million (US$77 million) net profits for the same period in 2008. During this period Emirates SkyCargo carried 700,000 tonnes of cargo, which it said was “in line with last yearâ€Â. Emirates carried a total of 13 million … [Read more...] about Emirates posts 1H net profit of US$200M
China's airlines return to profit in 3Q

China’s three major airlines all returned to profit in the third quarter thanks to stronger passenger demand and lower fuel prices. Air China saw its net profit for the July-September period reach US$125.3 million, compared to a loss of US$288.5 million in the same period of last year. China Eastern Airlines recorded a profit of US$3.4 million, following a US$341.2 million loss a year ago, while China Southern Airlines posted US$41.6 million, having lost US$121.5 million in the … [Read more...] about China's airlines return to profit in 3Q
China’s airlines return to profit in 3Q

China’s three major airlines all returned to profit in the third quarter thanks to stronger passenger demand and lower fuel prices. Air China saw its net profit for the July-September period reach US$125.3 million, compared to a loss of US$288.5 million in the same period of last year. China Eastern Airlines recorded a profit of US$3.4 million, following a US$341.2 million loss a year ago, while China Southern Airlines posted US$41.6 million, having lost US$121.5 million in the … [Read more...] about China’s airlines return to profit in 3Q
SATS records 26% growth in profit
Singapore Airport Terminal Services (SATS) has reported a S$40.9 million (US$20 million) profit for the three months to 30 September, up 26.2 per cent year on year, the second quarterly growth following four consecutive periods of declines. Turnover at the airport ground-handling and catering company grew 45.4 per cent to S$362.3 million, despite a 10 per cent drop in aviation revenue. A key factor in the firm's robust results was the contribution from Singapore Food Industries (SFI), a food … [Read more...] about SATS records 26% growth in profit