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18-May-2018 12:08 PM

SilkAir costs outgrow revenue in FY2017/18

SilkAir reported (17-May-2018) operating profit decreased by SGD58 million (USD43.2 million) year-on-year in FY2017/18 as higher expenditure outpaced revenue gains. Total revenue increased 3%, led by a 16.9% increase in passenger carriage, partially offset by an 11.5% decrease in yield. Expenditure increased 9.9%, mainly from higher net fuel cost and non fuel variable costs, attributable to 12.7% growth in capacity. [more - original PR]

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