Air Transport World

SIA Group.(Asia/Pacific report)(Brief Article)

SIA Group, parent of Singapore Airlines, returned to profitability in its fiscal second quarter ended Sept. 30 with net income of S$305.8 million ($176.1 million), up 3.6% compared to S$295.1 million earned last year. Operating revenues decreased 6.4% to S$2.52 billion while operating expenses declined 9.1% to S$2.2 billion, resulting in an operating profit of S$314.8 million, an 18.4% gain compared to income of S$265.8 million in 2002. However, the SARS-related first-quarter net loss of S$312. …

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