Arab Today, arab today singapore airlines net profit surges 562 in q1
Last Updated : GMT 08:53:10
Arab Today, arab today
Arab Today, arab today

Singapore Airlines net profit surges 56.2% in Q1

Arab Today, arab today

Arab Today, arab today Singapore Airlines net profit surges 56.2% in Q1

Singapore Airlines (SIA), one of the largest and best airlines in the world, registered a net profit of 121.8 million Singapore dollars (96.1 million U.S. dollars) in the first quarter of financial year 2013-14, soaring 56.2 percent on year. The company said the sharp improvement was mainly due to gains from the sale of aircraft and exceptional items, including a net gain of 336 million Singapore dollars (265 million U.S. dollars) from the sale of its stake in Virgin Atlantic to Delta Air Lines. The revenue in the April to June period rose to 3.84 billion Singapore dollars (3.03 billion U.S. dollars), a slight rise of 1. 7 percent on year. The SIA said the parent airlines\' passenger carriage, in terms of revenue passenger kilometres, increased 1.6 percent in Q1. But it lagged behind capacity expansion of 3.5 percent, resulting in a 1.5 percentage point drop in passenger load factor to 78 percent, it added. Its regional subsidiary SilkAir saw its capacity expanding by 16.6 percent but passenger carriage grew at a slower 6.2 percent. Therefore, its passenger load factor fell 6.8 percentage points to 69.6 percent. Looking forward, the airlines said it will continue to be impacted by the \"uncertain global economic climate and high fuel prices\". It expects passenger bookings for the next few months higher compared with the same period last year and in line with the planned increase in passenger capacity. \"However, yields are expected to be weaker as a result of the intense competitive environment,\" it said. The SIA faces fierce competition as several Asian carriers, budget carriers, as well as airlines from the Middle East enter into the regional market. The company\'s share fell 0.582 percent to close at 10.25 Sinagpore dollars (8.08 U.S. dollars) on Thursday before the financial result was announced.

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 net profit surges 562 in q1 Arab Today, arab today singapore airlines net profit surges 562 in q1

 



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 net profit surges 562 in q1 Arab Today, arab today singapore airlines net profit surges 562 in q1

 



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 Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
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