Singapore Airlines Reports 38% Fall in Q1 Profit as Fuel Costs Weigh
July 31 - Singapore Airlines reported a 38.4% fall in first-quarter profit on Wednesday, hurt by lower passenger yields and a rise in fuel costs.The city-state's flag carrier said net profit fell to S$452 million for the three months ended June 30, from S$734 million a year earlier and was below a Visible Alpha consensus of S$504.6 million.Airlines globally have been increasing the number of flights and routes to cater to robust air travel demand, especially during the summer months.This has r
