Singapore Airlines (SIA) reported a 38% decline in its net profit to S$452 million in the first quarter of fiscal year 2024/25. Singapore Airlines (SIA) share price falls sharply The share price of Singapore Airlines (SIA) fell sharply on 1 August 2024. From a closing share price of S$6.97 on 31 July, SIA share price fell to a low of S$6.13, before recovering slightly. This was partly because the SIA traded ex-dividend of S$0.38 on 1 August. Excluding the dividend, SIA's share price would still have been much lower, due to the weaker than expected earnings reported by the company. Summary of Singapore Airlines (SIA) 1Q FY24/25 earnings Singapore Airlines (SIA) reported its earnings for the first quarter fiscal year 2024/25 (1Q FY24/25) for the quarter ending 30th June 2024.

• SIA 1Q FY24/25 net profit fell 38.4% year-on-year to S$452m.
• Operating profit was 37.7% lower year-on-year, as cost increase outweighed revenue growth.

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