09 November, 2017

Singapore Airlines Profits Triple


Singapore Airlines confirmed on Tuesday that its second-quarter net profit had nearly tripled following stronger than expected operating results.

The stylish and award winning airline earned $190 million (Singapore Dollars) which equates to approximately $139.26 million US, in the three months to 30th September. A massive jump fro last years total of $65 million. 

Singapore Airlines is currently undertaking a three plus year transformation plan which is designed to make the carrier more cost efficient and competitive as it goes forward to 2020.  One of the big recent projects was unveiling its new Airbus A380 offering with a completely enhanced on-board cabins and services. 


Singapore Airlines has been finding trading difficult recently with increased competition from low-cost carriers in the region as well as those full service airlines from the middle east and the carrier posted a surprise fourth quarter loss in May. 



This article was written for this site by a member of our team 🙋, please do share it with your friends via social media. You are also welcome to post it or republish elsewhere on the 🌎web on the condition that you credit the author and link back to our site. Thank you.

 ♻ We care about the environment, please think twice before you hit ‘print’  

Search