AVIATION | , Singapore

SIA profits up 192% to $189.9m in Q2

SIA and SIA Cargo registered stronger operating profits.

Singapore Airlines' (SIA) profits rose 192% YoY to $189.9m in Q2, thanks to stronger operating results.

According to its financial statement, operating profit rose by 112.8% to $232m, after a $195m increase in revenue.

SIA Group's main companies recorded mixed results.

Operating profit for SIA rose by 52.94% to $170m and improved operating revenue, thanks to higher passenger flown revenue.

SIA Cargo reversed its loss of $11m last year to an operating profit of $26m. Revenue grew as freight carriage grew, further lifted by an improvement in cargo yield.

Scoot and SilkAir recorded weaker earnings as they continued to invest for expansion.

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