SIA Group (C6U.SI) Friday reported profit before taxation or $931 million for the first half, lower than $1.721 billion in the same period a year ago, mainly due to increase in expenses.
Net fuel cost increased 19 percent to $2.730 billion, while non-fuel expenditure rose 12.1 percent to $5.972 billion.
Net profit declined to $742 million or 22.1 cents per share from $1.441 billion or 30.4 cents per share last year.
Operating profit decreased to $795.6 million from $1.554 billion a year ago.
Revenue for the period, however, increased to $9.497 billion from $9.162 billion in the previous year.
Passenger traffic grew 7.9 percent, while gross capacity rose 10.2 percent.
The company has declared an interim dividend of 10 cents per share for the half-year, payable on December 11 to shareholders of record on November 27.
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