Singapore Airlines (SIA) Group has reported a net profit of S$149 million ($109.3 million) for the June quarter in its fiscal first period, down 57% year-over-year (YOY) from net profit of $346.5 million in the year-ago period. SIA Group earned S$193 million in operating profit. Year-over-year, profits fell S$212 million despite an 8.3% increase in passenger traffic, and total passenger and cargo revenue up S$178 million. SIA—which said increasing fuel prices “adversely ...

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