SIA posts S$1b profit


  • Business
  • Thursday, 22 May 2003

SINGAPORE Airlines Ltd, Asia's most profitable carrier, reported yesterday a 40% slide in second-half profit and warned of a first quarter loss as SARS (Severe Acute Respiratory Syndrome) pummels passenger traffic. 

Unlike its regional rivals Cathay Pacific Airways Ltd and Qantas Airways Ltd, Singapore Airlines had not previously issued a profit warning. 

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