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Singapore Airlines profit soars 73 percent

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SINGAPORE – Singapore Airlines’ first quarter net profit soared 73 percent from last year, it said Wednesday, partly driven by higher passenger traffic.

SINGAPORE – Singapore Airlines’ first quarter net profit soared 73 percent from last year, it said Wednesday, partly driven by higher passenger traffic.

But the growth statistic was magnified by a low profit figure for the corresponding period in 2011, when it was hit by higher fuel costs and soft demand due to the earthquake and tsunami disasters in Japan.

About the author

editor

Editor in chief for eTurboNew is Linda Hohnholz. She is based in the eTN HQ in Honolulu, Hawaii.