February 13, 2018 / 10:09 AM / a year ago

Singapore Airlines posts 62 pct jump in Q3 net profit

SINGAPORE, Feb 13 (Reuters) - Singapore Airlines Ltd reported on Tuesday a 62 percent rise in third-quarter net profit as growing passenger numbers and higher cargo revenue offset a decline in ticket prices and rising fuel costs.

The carrier, a benchmark for Asia’s premium airlines, made S$286 million ($216.29 million) in the three months ended Dec. 31, up from S$177 million a year before.

The airline, like Hong Kong-based rival Cathay Pacific Airways Ltd, has been undertaking a transformation programme designed to cut costs and to boost revenue amid competition from Chinese and Middle Eastern rivals and low-cost carriers. ($1 = 1.3223 Singapore dollars) (Reporting by Jamie Freed; Editing by Stephen Coates and Muralikumar Anantharaman)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below