Singapore Airlines Q3 profit dives 69% despite record revenue as Air India losses weigh
Singapore Airlines reported fiscal third-quarter net profit of S$505 million, down 68.9% from a year earlier due to the absence of a one-off gain and higher Air India losses. Revenue rose 5.5% to a record S$5.51 billion, with operating profit up 25.9% to S$792 million. Passenger numbers and yields increased, but cargo revenue fell 5.4%. Total expenditure climbed 2.7% to S$4.71 billion.
