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Singapore Airlines Q3 Net Profit increases 5.4 percent

by Richa G 14. February 2013 04:40

Singapore Airlines flights have performed exceedingly well in the third quarter. The airline recently announced its operational results and said that its Q3 net profit increased 5.4 percent from a year earlier.
 
Singapore’s national flag carrier said that it earned 5.4 percent profit after managing to offset high fuel costs coupled with sluggish demand. The airline said that it was able to make gains after selling its aircraft and jets parts along with higher interest income.

The airline said that its net profit for the 3 months ending December 31 increased to $115 million from a year earlier.

Singapore Airlines however cautioned that the demand for international air travel continues to be challenging. The airline said that businesses from passenger traffic and cargo are expected to remain under pressure.

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