Singapore Airlines profit soars 73 percent

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.

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Linda Hohnholz

Editor in chief for eTurboNews based in the eTN HQ.

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