(EnergyAsia, May 17) — High fuel costs dragged Singapore Airlines’ FY2005 profit down 8.3% to S$1.241 billion despite strong growth in its carriage and yields for both passenger and cargo operations. Group revenue rose 11.1% to a record S$13,341 million while fuel-driven expenditure surged 13.4% to S$1,432 million. (US$1=S$1.57). SIA said fuel accounted for…
SINGAPORE: Singapore Airlines said FY2005 profit fell 8.3% to S$1.24 billion on rising fuel costs
Posted on May 17, 2006 by EnergyAsia