airlinesSingapore Airlines

first_imgairlinesSingapore Airlines Singapore Airlines has reported a net profit of $893 million for the 2017/18 financial year, an increase of $533 million, or 148.1%, from the same period last year, and an operating profit of $1,057 million, $434 million (+69.7%) higher than the last financial year.Group revenue rose $937 million year-on-year to $15,806 million (+6.3%), with revenue improvements in all business segments. Passenger flown revenue was $428 million (+3.6%) higher, as traffic growth (+6.3%) outpaced the decline in passenger yield (-3.1%). Operating profit for the parent airline company rose from $386 million in 2016/17 to $703 million in 2017/18; Silk Air operating profit was $43 million for 2017/18, down from 101 million in the same period last year; and Scoot’s 2017/18 operating profit was $77 million, up from $67 million in 2016/17.last_img

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