Profits Plunge, But SIA Still Makes Money in 2001
The airline recession, repercussions from the terrorist attacks in the U.S. and poor overseas investments all contributed to a 61% drop in net profits to S$631.7 million (US$341 million) for Singapore Airlines (SIA) for the year that ended Mar. 31. Still, the fiscal 2001-02 results posted last week...
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