Arab Today, arab today singapore airlines\ quarterly net profit down 65
Last Updated : GMT 11:31:05
Arab Today, arab today
Arab Today, arab today

Singapore Airlines\' quarterly net profit down 65%

Arab Today, arab today

Arab Today, arab today Singapore Airlines\' quarterly net profit down 65%

Singapore - XINHUA

Singapore Airlines on Thursday reported a quarterly net profit of 50 million Singapore dollars ( 39.4 million U.S. dollars) for the three months ended Dec. 31, 2013, which was down 65 percent year on year. However, its operating profit in the third quarter of its financial year grew by 15 percent year on year to 151 million Singapore dollars (118.9 million U.S. dollars). The group's revenue was flat at 3.9 billion Singapore dollars ( 3.1 billion U.S. dollars) as "higher passenger carriage was offset by weaker yields due to efforts to stimulate demand amid the competitive environment and unfavorable exchange rate movements on major revenue generating currencies," it said. The group's expenditure decreased marginally by 5 million Singapore dollars to 3.7 billion Singapore dollars, largely owing to lower net fuel cost despite appreciation of the U.S. dollar, as average jet fuel prices decreased 5.6 percent year on year. This was partially offset by higher staff and non-fuel variable costs which rose in line with the increase in capacity. The fall in the net profit was mainly due to higher non- operating expenses such as fines paid by SIA Cargo to foreign authorities for its alleged involvement in global price-fixing. Singapore Airlines, one of the world's leading carriers, said that the outlook for the air transportation industry continues to be challenging with airlines offering aggressive fares to fill up planes. (1 U.S. dollar = 1.27 Singapore dollars)

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today singapore airlines\ quarterly net profit down 65 Arab Today, arab today singapore airlines\ quarterly net profit down 65

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today singapore airlines\ quarterly net profit down 65 Arab Today, arab today singapore airlines\ quarterly net profit down 65

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today Sally Shaheen considers hosting a political show
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday