Singapore Airlines Group Half-Year Operating Profit Falls 29%

Singapore Airlines Group reported a 29% decline in half-year operating profit. The report linked the pressure to sharply higher fuel costs and said second-quarter earnings improved.

Key details

• Fuel costs rose sharply and weighed on results.
• Second-quarter earnings improved despite the half-year decline.
• The group warned that prolonged conflict could indirectly affect passenger demand.

Singapore Airlines Group’s half-year operating profit declined by 29%.