Singapore Airlines said its net profit for the last financial year nearly halved as fuel costs surged.
File: The major Asian carrier said bookings in the months ahead indicate robust demand.
The major Asian carrier said bookings in the months ahead indicate robust demand, but warned against the impact of trade disputes and slowing economic growth in key markets. Fuel expenditure climbed 17.6 percent, or Sg$688-million, as jet fuel prices rose by an average 21.6 percent during the year, the airline said.Oil prices have been rising due to growing tensions between the United States and crude-rich Iran.
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