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SIA's Q4 earnings down 28%, full-year gain slumps 47%; airline sees fuel costs headwinds

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.SingaporeAir Q4 earnings down 28%, full-year gain slumps 47%; airline sees fuel costs headwinds

Singapore Airlines capped fiscal 2019 with a 28 per cent fall in fourth-quarter bottom line earnings to S$202.6 million from S$281 million a year ago, on the back of lower operating profit and higher non-operating costs related to SilkAir's refleeting and restructuring.SINGAPORE Airlines capped fiscal 2019 with a 28 per cent fall in fourth-quarter bottom line earnings to S$202.

An increase in costs due to fuel and growth in operations led to a 28 per cent drop in the parent airline's operating profit to S$204 million while SilkAir posted a nearly four-fold increase to S$11 million partly, thanks to lower costs. Earnings per share for the quarter stood at 17.1 Singapore cents versus 23.8 Singapore cents a year ago.

 

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