Singapore Airlines sees strong premium demand
Singapore Airlines (SIA) reported a 69% surge in operating
profit in the three months ended 30-Jun-07, thanks to continued buoyant passenger
demand. Passenger yield rose a strong 8.5%, while unit costs rose 6.7%, leading
to a 1.2 ppt reduction in break-even passenger load factor to 69.6%. The actual
passenger load factor was 9.3 ppts higher than breakeven, rising 3.3 ppts in
the quarter year-on-year to 78.9%.
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