SilkAir performance improved in 1QFY2016, leasing costs increased

SilkAir reported (29-Jul-2015) improved operating profit, total revenue, passenger revenue, passenger carriage, load factor and yield in 1QFY2015/16. The increase in passenger traffic exceeded capacity growth and was attributed to network expansion. Expenditures increased by SGD11 million (USD8 million), mainly due to higher leasing costs with more Boeing 737-800s on lease. [more - original PR] [more - original PR - 2]