SIA’s net profit down 5.3% to $143m in Q3

On back of lower passenger carriage.

Excluding a massive exceptional gain from its acquisition of low-cost carrier Tigerair, Singapore Airlines reported a 5.3% year-on-year decline in operating profit to $143m for the third quarter.

Operating profit for the parent airline company declined by $43m year-on-year. SIA’s $35m growth in revenue was more than offset by a $78m increase in operating costs, which mainly arose from an exchange loss against an exchange gain last year, and higher aircraft standing charges.

The parent airline company’s passenger carriage in revenue passenger kilometres declined 1.9%, against a 0.5% drop in capacity in available seat-kilometres during the third quarter. As a result, passenger load factor fell 1.1 percentage points to 78.3%.

Including a $56m exceptional gain from the acquisition of Tigearair, the national carrier recorded a net profit of $203m in the October-December 2014 quarter, $153m higher year-on-year

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia