Singapore Airlines Group reports 15% operating profit decline in Q3FY2019

Singapore Airlines Group reported (14-Feb-2019) the following financial highlights for the three months ended 31-Dec-2018:

• Revenue: SGD4342 million (USD3156 million), +6.5% year-on-year;
• Costs: SGD3954 million (USD2874 million), +9.1%;
  • Fuel: SGD1252 million (USD910.2 million), +22.2%;
  • Labour: SGD743.3 million (USD540.4 million), +10.8%;
• Operating profit: SGD387.6 million (USD281.8 million), -14.6%;
  • Singapore Airlines: SGD369 million (USD268 million), +0.8%;
  • SilkAir: SGD7 million (USD5 million), -63.2%;
  • Scoot: SGD1 million (USD0.7 million), -97.7%;
  • SIA Engineering: SGD16 million (USD12 million), -15.8%;
• Net profit: SGD292.8 million (USD212.9 million), -27.3%;
• Passenger yield: SGD 9.5 cents (USD 6.9 cents), stable;
  • Singapore Airlines: SGD 10.4 cents (USD 7.6 cents), -stable;
  • SilkAir: SGD 11.2 cents (USD 8.1 cents), -1.8%;
  • Scoot: SGD 5.9 cents (USD 4.3 cents), -1.7%;
• Cargo yield: SGD 33.3 cents (USD 24.2 cents), +3.4%;
• Total assets: SGD27,511 million (USD19,999 million);
• Cash and bank balances: SGD1325 million (USD963 million);
• Total liabilities: SGD14,857 million (USD10,801 million). [more - original PR]

*Based on the average conversion rate at SGD1 = USD0.726968