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Singapore Airlines Q2 net profit nearly triples to S$190 million

November 7, 2017 10:30 AM
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SINGAPORE — Singapore Airlines Ltd said on Tuesday (Nov 7) second-quarter net profit nearly tripled on the back of stronger operating results.

The carrier, a benchmark for Asia's full-service airline industry, earned S$190 million (US$139.26 million) in the three months to Sept. 30, up from S$65 million a year before, it said in a stock exchange filing.

UOB Kay Hian had forecast net profit would rise to S$142 million as the carrier filled a higher percentage of seats.

Singapore Airlines is undertaking a three-year transformation plan designed to make its business more competitive after reporting a surprise fourth-quarter loss in May.

Source: todayonline.com

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