The Singapore Airlines Group earned an operating profit of SG$39 million (US$31.2 million) in the first quarter of the 2014-15 financial year, $43 million (-52.4 per cent) lower than last year. After non-operating and exceptional items, Group net profit was $35 million, down $87 million (-71.3 per cent) over the same period last year. Group revenue fell $158 million (-4.1 per cent) to $3,682 million. Passenger revenue declined year-on-year on the back of weaker yields amid intense … [Read more...] about SIA Cargo revenue down despite slight yield gain
SIA
Singapore Airlines sees slight cargo growth
Singapore Airlines (SIA) has reported that its overall cargo load factor in May 2014 increased by 0.9 percentage points year-on-year to 62.9 per cent. Cargo traffic (measured in freight-tonne-kilometres) was 0.1 per cent lower compared with capacity reduction of 1.6 per cent. Load factors were higher on all route regions, except for South West Pacific region where cargo traffic was weaker and did not match the increase in capacity, SIA said. … [Read more...] about Singapore Airlines sees slight cargo growth
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
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
SIA reports second straight quarterly loss
Singapore Airlines (SIA), the world's largest airline by market value, has posted its second straight quarterly loss with a second quarter net loss of S$159 million (US$114.6 million) compared with a net profit of S$324 million a year ago. This follows from a net loss of more than S$300 million in the first quarter of this financial year. SIA Cargo posted an operating loss of US$193 million with yields averaging just $0.20 per load tonne kilometer, down almost a third over the same period in the … [Read more...] about SIA reports second straight quarterly loss
SIA starts new freighter service to Atlanta
Singapore Airlines Cargo has begun a weekly cargo flight to Hartsfield-Jackson International Airport using 747-400 freighter aircraft which will return to Singapore via Europe and the Middle East. … [Read more...] about SIA starts new freighter service to Atlanta
