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SINGAPORE Airlines has reported a second-quarter profit of $380 million, reversing a $159 million loss during the same July-September period last year.
The results were delivered on the back of a 18 per cent jump in revenue to $3.63 billion, as load factors and yields continued to improve, the airline said on Tuesday.
Group expenditure for the quarter was almost unchanged at $3.29 billion against a year earlier, as smaller losses on fuel hedging offset increase in expenditure in other areas.
For the first half of the current financial year to Sept 30, profits hit $633 million, a stunning turnaround from the $466 million loss last year.
The airline has declared an interim dividend of 20 cents per share, with total payout at $239 million. No dividend was paid at half-time last year.
Earnings per share for the July-September quarter rose to 53 cents from a loss of 39.4 cents a year ago, while net asset value per share was $11.71 as on Sept 30, a small increase from $11.30 as on March 31.
SIA posts $380m Q2 profit