SIA's 2015-2016 full-year net profit surges nearly 119% to S$804m

[flee 5]

SINGAPORE: Singapore Airlines (SIA) on Thursday (May 12) reported a nearly 119 per cent jump in full-year net profit to S$804 million.

In a news release, SIA said the performance was a result of lower net fuel costs which compensated for weaker yields, and "strong growth" at SilkAir and Scoot.

Group revenue was S$15,228 million, down 2.2 per cent from last year, mainly because of lower passenger revenue and lower cargo revenue. This was compensated in part by higher revenue from subsidiary airlines and income earned upon the release of seven A350-900 delivery slots, said SIA.

Group expenditure fell 4 per cent to S$14,547 million, because of a drop in average jet fuel price.

Group net profit for the fourth quarter was S$224 million, an improvement of S$184 million compared to the same period last year.

More:

http://www.channelnewsasia.com/news/singapore/sia-s-full-year-net/2779780.html

http://infopub.sgx.com/FileOpen/nr-q4fy1516.ashx?App=Announcement&FileID=404410

http://infopub.sgx.com/FileOpen/sgxann-q4fy1516.ashx?App=Announcement&FileID=404409

http://infopub.sgx.com/FileOpen/slide-staffcommq4fy1516.ashx?App=Announcement&FileID=404411

[alberttky 0]

And MAB?

[flee 5]

And MAB?

MAB is delisted and does not publish any numbers anymore.

See: http://www.malaysianwings.com/forum/index.php?showtopic=18291&p=363557

[Izanee 0]

15 billion Singapore dollars is equivalent to almost RM45 billion... That is their revenue?!! Damn....

[jani 0]

But profit margin only 5%. What a terrible industry to be in