SIA suffers 65 per cent drop in Q3 profits

The main factors, according to news sources, were the one-off payment in a legal case and the losses it took after incresing its stake in budget carrier Tigerair.


SIA


Singapore Airlines (SIA) has reported its worst quarter in almost two years with a 65 per cent slump in Q3 net profits to $50 million. The main factors, according to news sources, were the one-off payment in a legal case and the losses it took after incresing its stake in budget carrier Tigerair.