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The Singapore Airlines Group reported an operating loss of $222 million for its 2009/2010 first quarter ending June 30 compared to a profit of $239 million for the same period last year.(In The News ...)(Financial report)
The Singapore Airlines Group reported an operating loss of $222 million for its 2009/2010 first quarter ending June 30 compared to a profit of $239 million for the same period last year. Cargo and mail carriage dropped 19 percent for the quarter to 294,000 tonnes for an overall load factor of 64.6 percent and a yield of $0.19 cents-down from $0.28 cents last year. SIA Cargo produced a loss of $73.2 million compared to $3.5 million profit for the 2008 first quarter. The group says various cost-saving measures including wage freezes and staff reductions will save $40 million during …
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