Singapore Airlines 2014 Annual Report Download - page 20
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The Singapore Airlines Group
achieved a net profit attributable to
equity shareholders of $359 million
for the financial year ended 31 March
2014. This was 5.1 per cent lower
than the previous year, mainly due to
exceptional items and weaker share of
results from associated companies.
Group revenue increased $146
million to $15,244 million. Passenger
revenue improved over last year
on the back of growth in passenger
carriage, albeit at lower yields, due to
promotional activities amid intense
competition and the weakening of
major revenue generating currencies.
Group expenditure rose largely in line
with revenue, by $116 million. Higher
non-fuel variable costs were partially
THE YEAR
IN REVIEW
mitigated by lower net fuel cost, as
average jet fuel prices decreased
5.2 per cent year-on-year. As a result,
the Group’s operating profit rose
13.1 per cent to $259 million in the
financial year 2013/14.
During the year in review, the
Parent Airline Company carried 18.6
million passengers, an increase of
2.3 per cent over the previous year.
Passenger carriage (in revenue
passenger kilometres) rose 1.4 per
cent on the back of 1.9 per cent
growth in capacity (in available seat-
kilometres). Consequently, passenger
load factor decreased by 0.4
percentage points to 78.9 per cent.
SilkAir recorded a 4.0 percentage-
point drop in passenger load factor
OPERATING REVIEW
018
SINGAPORE AIRLINES