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Singapore Air’s struggle

Monday, November 19, 2012

Growing losses at Singapore Airlines’ cargo division in the first half of the fiscal year contributed to lower operating profits and a 30 percent decline in net profit for the parent company. Singapore Airlines Cargo’s operating loss reached S$99 million ($81.1 million), compared to S$31 million in 2011. Singapore Airlines said Nov. 2 that it earned a net profit of S$168 million ($136.6 million), down S$71 million from the same six-month period in 2011, due...

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