Singapore Airlines 1st-half Operating Profit at $302m

Singapore Airlines (SIA) reported an operating profit of 302 million dollars in the first half of the year, up by 25.8 percent or improving by 62 million dollars year-on-year, the company said recently.

Total group revenue, however, dropped by 273 million dollars against a year ago to 7.3 million dollars, down by 3.6 percent. Passenger flown revenue declined by 6.4 percent to 320 million dollars but was compensated by higher flown revenue from Scoot up by 88 million dollars.

Cargo and mail revenue also dropped by 9.6 percent to 99 million dollars for this period.

One of the largest airline groups in the world, SIA is made up of long-haul budget carrier Scoot, medium-haul full service provider SilkAir and medium-haul budget airline Tigerair. Including the announced new routes, the group’s portfolio of airlines will now be serving 132 destinations across 36 countries.

Asian Aviation is the general sales agent for Singapore Airlines for Greece and Cyprus.