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SIA posts 28% fall in 4Q earnings to $203 mil on weaker operating performance, SilkAir’s restructuring

PC Lee
PC Lee5/16/2019 07:01 PM GMT+08  • 2 min read
SIA posts 28% fall in 4Q earnings to $203 mil on weaker operating performance, SilkAir’s restructuring
SINGAPORE (May 16): SIA Group reported full-year earnings of $683 million, down 47.5% from $1.3 billion a year ago, primarily due to the lower operating profit and higher non-operating costs.
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SINGAPORE (May 16): SIA Group reported full-year earnings of $683 million, down 47.5% from $1.3 billion a year ago, primarily due to the lower operating profit and higher non-operating costs.

For 4Q ended March, the group saw a 27.8% drop in earnings to $203 million, driven by the weaker operating performance and an increase in non-operating items mainly due to SilkAir’s re-fleeting and restructuring.

Correspondingly, 4Q earnings per share fell from 109.7 cents to 57.4 cents.

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