Mayday, mayday: SIA half-year profit down 62%

All the main companies in the Group recorded weaker operating results for the first half of the financial year. The operating profit of the Parent Airline Company fell $327 million (-86%), owing to higher fuel expenditure which increased $643 million (+37%) to $2,384 million. With stringent cost discipline, passenger unit cost excluding fuel declined 7%.

The operating results of the main companies in the Group for the first half of the financial year are as follows:
• Parent Airline Company Operating profit of $53 million ($380 million profit in 2010)
• SIA Engineering Operating profit of $69 million ($71 million profit in 2010)
• SilkAir Operating profit of $34 million ($36 million profit in 2010)
• SIA Cargo Operating loss of $31 million ($102 million profit in 2010)