Singapore Airlines profit plunges 53 percent in fourth quarter ..

Written by Your VIPTRIP Team on February 2nd, 2012

2 February 2012  News reports state that Singapore Airlines Ltd. said Thursday that quarterly profit plunged 53 percent as passenger demand slowed while higher fuel prices sent costs up.Net profit in the fourth quarter was 135 million Singapore dollars ($108 million) compared with SG$288 million a year earlier, the carrier said in a statement.   The airline, known as SIA, warned a slowing global economy and high oil prices could continue to undermine profits this year.   “Forward bookings continue to show signs of weakness in the final quarter of the financial year, due to uncertainty in the global economy and the protracted Eurozone debt crisis,” the company said.

Website Pin Facebook Twitter Myspace Friendfeed Technorati Digg Google StumbleUpon Premium Responsive


Comments are closed.