SINGAPORE (Nov 5): Singapore Airlines saw earnings of $94.5 million for 2Q20 ended Sept 30, 70% higher compared to a year ago.
SIA says this was mainly due to higher contributions from associates and joint ventures of $78 million only to be offset by higher finance charges of $28 million.
Revenue for 2Q20 rose 5.3% to $768.5 million from $700 million a year ago mainly driven by growth in passenger-flown revenue, although the topline was dragged down by cargo-flown revenue.
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