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SIA reports 6% jump in third quarter profits to $143m

Published on Feb 7, 2013 5:44 PM
 
File photo of a Singapore Airlines Airbus A380 jet taking off from the Zurich airport, on March 21, 2010. Earnings at Singapore Airlines (SIA) for the October to December quarter hit $143 million, up 6 per cent from the same third quarter in 2011. -- PHOTO: REUTERS

Earnings at Singapore Airlines (SIA) for the October to December quarter hit $143 million, up 6 per cent from the same third quarter in 2011.

The jump came despite lower operating profits, the airline said on Thursday. Higher income was drawn from non-operating items such as sale of aircraft and spare engines.

Group revenue fell slightly by 0.4 per cent to $3.86 billion while spending increased, also marginally by 0.3 per cent to $3.73 billion. This was due in part to higher staff costs, the airline said.

Except for SIA Cargo which reported an operating loss of $29 million for the three months, all the other units including regional carrier, SilkAir, reported operating profits.

 
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