SIA says operating profit for the quarter hit a record $678 million, up 21.9% 2QFY2022-2023.For the first 6 months, the airline reported earnings of $927 million, reversing from a loss of $837 million.
Similarly, 1H operating profit was a record of $1.23 billion, from a loss of $620 million.
SIA plans to pay an interim dividend of 10 cents.
1 comment:
After the good news for part of FY 2022/23, SIA has released a press statement indicating the following:-
1. SIA would not expect yields to stay at the same elevated levels as in 2022. SIA Executive Vice President Commercial, Lee Lik Hsin, told analysts and media of the outlook on an earnings call.
2. Higher fuel prices, inflationary pressures across the supply chain, geopolitical issues and the risk of a global recession remained a concern beyond the Lunar New Year period.
Good way of managing unrealistic expectations.
KayPoh aka BusyBody
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