SIA posts 62% jump in Q3 net profit

SIA Tuesday a 62% rise in Q3 net profit as growing passenger numbers and higher cargo revenue offset a decline in ticket prices and rising fuel costs. The carrier, a benchmark for Asia’s premium airlines, made S$286m in the three months ended Dec 31, up from $177m a year before. The airline, like rival Cathay Pacific, has been undertaking a transformation programme designed to cut costs and to boost revenue amid competition from Chinese and Middle Eastern rivals and low-cost carriers. <br/>