SIA Group reports Q2 2019 operating profit of $200 million

SIA Group has reported an operating profit of $200 million during the second quarter of 2019, an increase of $7 million or 3.6% higher compared to the same period last year. Revenue came in at $258 million exceeding the $251 million rise in expenditure – which increased by 6.9%. Passenger flown revenue was up 8.8% to $271 million led by traffic growth of 8.1%, on a 6.6% increase in capacity. RASK (revenue per available seat-kilometre) improved by 1.3%. Meanwhile, cargo flown revenue declined $45 million, down 8.4%, as both cargo yield and cargo load factor fell by 4.2% and 2.7 percentage points respectively due to weak cargo demand amid trade uncertainties. 


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