SINGAPORE Airlines (SIA) posted a net profit of S$78 million (US$62 million) in the first quarter of its 2012-2013 financial year, a 73-per cent jump over the S$44.7 million earned during the same period last year.
The figure was also in stark contrast to the US$30 million loss the Singapore flag carrier registered in the last quarter (TTG Asia e-Daily, May 10, 2012).
In the first quarter of financial year 2012-13, SIA’s passenger carriage grew 9.6 per cent year-on-year. With traffic growth outpacing the 4.3 per cent capacity growth, the average passenger load factor of 79.5 per cent was 3.9 percentage points higher.
SIA took delivery of one A380-800 during the quarter. As at June 30, the airline’s operating fleet comprised 100 passenger aircraft – 59 B777s, 19 A330-300s, 17 A380-800s and five A340-500s – with an average age of six years and four months.