Singapore Airlines 2008 Annual Report Download - page 71
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Singapore Airlines Annual Report 2007-08
69
FINANCIAL REVIEW
Performance of Subsidiary Companies (continued)
SilkAir
2007-08 2006-07 Change
$ million $ million %
Totalrevenue 506.0 427.8 + 18.3
Totalexpenditure 466.0 407.8 + 14.3
Operatingprot 40.0 20.0 + 100.0
Protaftertaxation 34.8 19.8 + 75.8
SilkAir’srevenuegrewby$78million(+18.3percent)to$506millionfromimprovementsinload(+12.8percent)andoverall
yield(+4.5percent).Theincreaseinexpenditureof$58million(+14.3percent)wasprimarilyduetohigherfuelcosts,
aircraftmaintenanceandoverhaulcostsandaircraftleaserentals(anincreaseof2leasedaircraft).Asaresult,operatingprot
improved$20million(+100.0percent).
Yieldsimprovedby4.5percentto147.2cents/ltk,comparedtoa2.5percentincreaseinunitcostto85.7cents/ctk.
Consequently,breakevenloadfactorimprovedby1.2percentagepointsto58.2percent.
Protaftertaxationwasupby75.8percentto$35million.
SilkAir’sroutenetworkspanned29citiesin11Asiancountries.Duringthenancialyear,SilkAirlaunchedthreenew
destinations,namelyKaohsiung(Taiwan)inMay2007,aswellasCoimbatore(India)andKathmandu(Nepal),bothin
October2007.
Asat31March2008,equityholders’fundsofSilkAirwas$443million(+11.7percent).