Weak freight market dents Singapore Airlines' profit

Wednesday, November 07, 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 Friday 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 mostly to ...

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