The results were boosted by the outstanding performance at SIA Cargo, where operating profits rose by $50 million to $53 million during the quarter, on the back of higher air freight demand between Asia and Europe and on the transpacific routes. In fact, UOB Kay Hian pointed out that this was the cargo operations’ highest quarterly earnings in nine years.
SINGAPORE (Feb 8): Singapore Airlines’ core earnings for 3Q17 rose 12% y-o-y to $256 million, after excluding a $79 million impairment charge on the value of the Tigerair brand arising from the merger between Tigerair and Scoot.
(See also: Singapore Airlines 3Q earnings fall 36% to $177.2 mil)
