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Singapore Airlines, net profits down -43% in Q3

Singapore, Republic of Singapore - Due to the global economic downturn

Singapore Airlines (SIA) announced its net profit fell an annual about 43% in the third quarter to December as it carried fewer passengers and cargo due to the global economic downturn. SIA, one of Asia's major airlines, forecast a bleak outlook for this year, confirming projections by economists that the global economic situation will worsen before improving. The airline became the latest major...

AVIONEWS - World Aeronautical Press Agency - 1099650
Rome, Italy, 02/11/2009 12:13
AVIONEWS - World Aeronautical Press Agency

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