Singapore Airlines on Tuesday said its second-quarter net profit jumped about 193 percent, helped by strong performance of Parent Airline and SIA Cargo.
Singapore Air group -- which includes brand Singapore Air, a regional airline and two budget carriers -- reported a net profit of S$189.9 million in the three months ended September 30 versus S$64.9 million a year ago.
Sales rose about 3 percent to S$3.8 billion, the carrier said in the statement.
Passenger yield at Singapore Air, or the money earned from carrying a passenger for one kilometer, fell to 10 Singapore cents in the quarter from 10.2 cents last year.
Operating profit for the Parent Airline Company rose $91 million year-on-year in the second quarter while SIA Cargo reported an operating profit of $26 million, reversing its loss of $11 million in the same quarter last year.
The SIA Group is taking delivery of modern and fuel-efficient aircraft, and further expanding its network across the low-cost and full-service market segments, the company said.
Singapore Airlines declared an interim dividend of 10 cents per share .
Shares of Singapore Air ended down 0.7 percent at S$10.32 on Tuesday.
