SINGAPORE: Singapore Airlines Cargo returns to profitability

Singapore Airlines Cargo has reported an operating profit of S$151 million for the financial year 2010-11 ended in March, reversing a S$145 million operating loss in the previous year. SIA Cargo’s parent carrier reported a $1.09 billion net profit for the year, up more than 500 per cent on FY2009-10, with total revenue reaching S$14.52 […]


Singapore Airlines Cargo has reported an operating profit of S$151 million for the financial year 2010-11 ended in March, reversing a S$145 million operating loss in the previous year. SIA Cargo’s parent carrier reported a $1.09 billion net profit for the year, up more than 500 per cent on FY2009-10, with total revenue reaching S$14.52 billion. Fuel costs, excluding hedging, were up 24 per cent.