Singapore National carrier Singapore Airlines’ Group on Thursday 17th May reported S$893 million profit, a 148 per cent rise in full-year, the highest level since 2011.
The group recorded S$893 million in profits for the year ended March, up from S$360 million a year ago. Operating profit for the Group rose to $1,057 million, $434 million (+69.7%) higher than the last financial year.
According to Airline, Operating profit surpasses $1 billion, fuelled by improved performance in both passenger and cargo business segments
The airline said “Three-year transformation programme showing good progress and yielding early results”
SIA Fleet update
During the January-March 2018 quarter, one A350-900 and one A380- 800 entered into service at the Parent Airline Company. One 777-200 was removed from operations in preparation for lease to NokScoot, while one A330-300, one 777- 200 and one 777-200ER were taken out of service for retirement from SIA’s fleet.
As at 31 March 2018, the operating fleet of the Parent Airline Company comprised 107 passenger aircraft includes 48 B777s, 21 A330-300s, 17 A380-800s and 21 A350-900s), with an average age of 7 years and 4 months per aircraft.
In addition, the Parent Airline Company received the world’s first 787-10 from Boeing in the quarter, featuring new regional cabin products, which entered into commercial service during April 2018.