SIA net profit down 15.4% in Q1

• QX179R

  28 Jul 08, 22:51

  AFP - Monday, July 28

  Singapore Airlines says net profit down 15.4 percent in Q1

  SINGAPORE, July 28, 2008 (AFP) - Singapore Airlines said Monday its net profit in the first quarter fell 15.4 percent compared with the same period last year as higher fuel costs cut into rising revenues.

  The airline reported a net profit of 359 million Singapore dollars (263 million US) for the three months ended June, a drop of 65 million from the same quarter last year.