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Singapore Airlines Q1 profit rises 45.6 pct on higher revenue

28 Jul 2017 11:05:04

reuters.com

Singapore Airlines Ltd on Thursday reported a 45.6 percent rise in first-quarter operating profit, with revenue rising as it filled a higher proportion of seats.


The carrier, which is seen as a barometer of the Asian airline industry, made S$281 million ($207.01 million)in the three months ended June 30, up S$88 million from a year before.


After reporting a surprise fourth-quarter loss in May, Singapore Airlines announced it would undertake a strategic review to cut costs as it battles intense competition that has slashed ticket prices.


Read full story: reuters.com

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