SIA warns of ‘significant challenges’ from virus outbreak

The Business Times | Feb 15, 2020 at 12:00 AM
  • SINGAPORE Airlines (SIA) posted a 10.9 per cent rise in its Q3 net profit on Friday, but warned that the growing scale of the Covid-19 outbreak would pose “significant challenges” to the group as it looked to “tightly” manage costs ahead.
  • Non-fuel expenditure rose 4.2 per cent on capacity increase and higher traffic.
  • Operating profit for the parent airline company rose 11.9 per cent to S$413 million year-on-year due to growth in passenger revenue.