Singapore Airlines posts flat first-half performance

Courtesy Singapore Airlines

Courtesy Singapore Airlines


Singapore Airlines (SIA) reported flat operating results in the first half of FY2014/15. While the Group’s operating profit of S$171 million (US$137 million) improved marginally by 1.2 per cent, the airline’s operating profit dipped by 1.6 per cent to S$183 million year-on-year. However, the decline in revenue was cushioned by lower fuel costs and reduced capacity.

Regional airline SilkAir posted an operating profit of S$5 million, compared to $22 million last year. This was in spite of a 4.2-per-cent traffic growth against a 3.7-per-cent capacity injection.

SIA continues to face strong competition and the airline does not foresee any substantial change in the trend. Moving forward, it is likely to focus on cost and capacity. And, of course, as it said in the statement that it issued: “With a strong balance sheet, the Group is well positioned to meet the challenges ahead.”

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About Dingzi
Writer by passion, with professional expertise in aviation, customer service and creative writing. Aviation veteran, author, editor and management consultant. Besides commentary on business issues and life-interest topics, travel stories and book reviews, genres include fiction, poetry and plays. Nature lover who abhors cruelty of any form to animals, and a tireless traveler. Above all, a dreamer.

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