SIA's true position flattered by fuel prices

摘要

SIA Group's results for the first three-quarters of 2015/16 were good, but they were driven largely by a 12-year low in fuel prices. With increasing competition from LCCs and full-service Asian and Gulf carriers continuing to drive down yield at the mainline, can the Group build up the LCCs in its portfolio as quickly as it needs to?rnSIA's financial year runs to end March, and in the first three-quarters of 2015/16 (the nine months ending December 2015), the Group saw revenue fall by 1.4% year-on-year to S$11.5bn (US$8.3bn). However, operating profit during the period increased by 66.3% to S$528.0m (US$382.5m), with profit before tax reaching S$729.2m (US$528.3m), compared with S$386.3m in April-December 2014.