Singapore Airlines logs record annual profit as air travel demand boosts operations

UPDATE 1-Singapore Airways logs report annual revenue as air journey demand boosts operations

Provides particulars and background between paragraphs 2 and 5

Could 15 (Reuters)Singapore Airways (SIA) SIAL.SI posted its highest ever annual revenue on Wednesday, as sturdy demand for air journey drove report passenger income and cargo components.

Web revenue improved as a consequence of higher working efficiency, coupled with decrease bills associated to tax, the city-state’s flag provider mentioned in its assertion.

However the airline companies supplier additionally mentioned its expenditure elevated within the second half of the 12 months, because of greater web gasoline prices.

SIA posted web revenue of S$2.68 billion ($1.99 billion) for the 12 months ended March 31, in contrast with S$2.16 billion a 12 months in the past.

The corporate additionally proposed a last dividend of 38 Singapore cents per share, up from 28 Singapore cents declared final 12 months.

($1 = 1.3486 Singapore {dollars})

Reporting by Shivangi Lahiri and Aaditya Govind Rao in Bengaluru; Modifying by Shilpi Majumdar

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