SIA posts 28% fall in 4Q earnings to $203 mil on weaker operating performance, SilkAir’s restructuring

SINGAPORE (May 16): SIA Group reported full-year earnings of $683 million, down 47.5% from $1.3 billion a year ago, primarily due to the lower operating profit and higher non-operating costs.

For 4Q ended March, the group saw a 27.8% drop in earnings to $203 million, driven by the weaker operating performance and an increase in non-operating items mainly due to SilkAir’s re-fleeting and restructuring.