SINGAPORE — Singapore Airlines Ltd. says quarterly profit plunged 82 percent as soaring fuel prices pushed up costs.
The carrier said in a statement Thursday that its net profit in the second quarter was 45 million Singapore dollars ($37 million) compared with SG$253 million a year earlier.
Quarterly revenue at the world’s second-biggest airline by market capitalization rose to SG$3.58 billion from SG$3.47 billion a year earlier. Full story
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