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Singapore Airlines: financial results for first quarter 2012-2013

Singapore, Singapore - Group profit improves despite challenging conditions

The SIA Group posted a net profit of $78 million (+$33 million, or +73%) in the first quarter of the 2012-13 financial year. Group operating profit of $72 million improved $61 million, albeit off a low base as the Group was confronted with higher fuel costs and depressed demand following the Japanese earthquake in the same quarter last year. Group revenue grew 6% (+$200 million) to $3,777 million,...

fra/pec - 1143909

AVIONEWS - World Aeronautical Press Agency