Singapore Airlines (SIA) says its Q3 net profit more than quadrupled to S$202.6 million, helped by its absorption of Tigerair, but has warned falling oil prices are a two-edged sword.
Tiger Airway's earnings boosted SIA's own by S$120 million in Q3.
"The improvement was primarily attributable to a S$56 million exceptional gain compared to an exceptional loss of S$80 million last year," the airline said, adding that plummeting oil prices might point to a global economic slowdown.
Singapore Airlines (SIA) says its Q3 net profit more than quadrupled to S$202.6 million, helped by its absorption of Tigerair, but has warned falling oil prices are a two-edged sword.
Tiger Airway's earnings boosted SIA's own by S$120 million in Q3.
"The improvement was primarily attributable to a S$56 million exceptional gain compared to an exceptional loss of S$80 million last year," the airline said, adding that plummeting oil prices might point to a global economic slowdown.
