Singapore Airlines posts slump in half-year profit

Reuters

2024/11/08

Nov 8 (Reuters) - Singapore Airlines (SIA) SIAL.SI posted a 48.5% fall in half-year profit on Friday, reflecting stiff competition coupled with higher fuel costs and expenses.

The city state's flag-carrier said net profit slumped to S$742 million ($561.61 million) for the six months ended Sept. 30 from S$1,441 million reported a year ago.

($1 = 1.3212 Singapore dollars)

(Reporting by Roshan Thomas and Aaditya Govind Rao in Bengaluru; Editing by Janane Venkatraman)

((Aaditya.GovindRao@thomsonreuters.com; Roshan.Thomas@thomsonreuters.com))

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