Singapore Airlines' Net Profit Slumps 59% in Fiscal Q2

MT Newswires

2024/11/11

Singapore Airlines' (SGX:C6L) net profit fell 59% year over year to SG$290.3 million in fiscal Q2 from SG$707.1 million, according to a filing with the Singapore Exchange on Monday.

Total revenue was up 2% year over year to SG$4.78 billion from SG$4.68 billion, mainly due to slightly increased cargo revenue.

Meanwhile, overall capacity was up 10.6% year over year in fiscal H1 while passenger capacity was up 11.0%.

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