Airline

SIA operating profit falters over lower yield in competitive environment and rising fuel costs

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SIA operating profit falters over lower yield in competitive environment and rising fuel costs

Singapore Airlines (SIA) reporting a 37.7% drop in its first quarter fiscal year 2024/25 results, down to $470 million. Its net profit was down 38.4% to $452 million. The airline cited lower yields and rising fuel costs as a main driver to its lower operating profit. Its revenues were up only 5.3% ...

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