Singapore Airlines’ interim net profit dropped nearly 44 per cent, hurt by a sharp spike in jet fuel costs stemming from the Middle East conflict, somewhat offset by its share of losses at Air India and other associates narrowing.
The country’s flag carrier posted a half-yearly net profit of S$134 million (US$104.56 million) on Wednesday (Nov 11), down from S$239 million a year ago.
A consensus from Visible Alpha had expected profit to drop further to S$65.3 million.
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