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Singapore Airlines earns highest profit in seven years

7 days ago   |   By

Singapore Airlines has topped its market expectation by reporting a 148 percent rise in full-year net profit to the highest level since 2011.
The passenger and cargo revenue rose high. It benefited from a transformation programme.
However, it warned of pressures from intense competition, costs and rising fuel prices despite strong bookings for the coming months and a continued stabilization in airfares.
Singapore Airlines makes a benchmark for Asia's premium airlines. It made S$893 million in the year ended March, up from S$360 million a year earlier and 28 percent higher than the S$697...
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