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Singapore Airlines Group has recently announced an increased profit of $633 million for the first six months of this financial year. This figure reflects a major turnaround from the $466 million between April and September 2009, recorded by the group which owns Singapore Airlines (SIA) and regional carrier Silk air. According to the reports, Singapore International Airline (SIA) has recorded an operating profit of $380 million between April and June. However, last year the airline had seen a downturn with a loss of $428 million in the same period. Comparisons between 2009 and 2010 also show that SIA carried 8,183,000 passengers during the period, an increase on the 8,003,000 carried between April and September 2009. The airline also increased its passenger yield, which went up from 10 cents per passenger-km in the first half of 2009, to nearly 12 cents during the same period in 2010.
Further, the airline’s spokes person have stated that the number of reservation made on flights with Singapore airline, for the coming season also point in a direction of further increase in profits this year. The airline is a popular carrier for providing cheap flights to Australia, Far East and Asia. Singapore flies to 61 destinations worldwide including flights to Cape Town and Johannesburg in South Africa.
Singapore Airline took delivery of six A330-300 aircraft plus one A380-800 during the first half of the fiscal year, 2010.
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