9-Nov-2018 2:50 PM

SIA Engineering reports lower airframe and fleet management revenue in Q2FY2019

SIA Engineering reported (08-Nov-2018) revenue decreased 8.5% year-on-year in Q2FY2018/19, mainly due to lower airframe and fleet management revenue. Expenditure decreased 5.7%, primarily due to decreases in material and subcontract costs. The company expects the operating environment to remain "challenging" due to longer maintenance intervals and lighter work content arising from new generation aircraft, coupled with "keen competition". [more - original PR]

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