Singapore Airlines takes 44% profit hit in 1st half on soaring fuel costs

Detailed summary

Fuel expenses rise 90%, outweighing strong passenger and cargo demand

SINGAPORE -- Singapore Airlines said on Wednesday that its net profit for the April-September period dropped 43.9% from a year earlier to 134 million Singapore dollars ($104 million), as soaring jet fuel prices outweighed robust growth in passenger traffic and revenue.

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