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Earnings

Singapore Airlines Q1 profit falls 59 percent as oil price rise bites

Updated : July 26, 2018 05:03 PM IST

The carrier, a benchmark for Asia's full-service airline industry, earned S$140 million ($102.89 million) in the three months ended June 30, down from a revised figure of S$338 million a year before, it said in a stock exchange filing.
The prior-year figure was restated due to accounting changes and had included one-off benefits from changes to its frequent flyer programme accounting and compensation for aircraft delivery slots.
Singapore Airlines Q1 profit falls 59 percent as oil price rise bites

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