Non-US airlines profit from low-flying dollar

- FX Markets Staff
- @FXMarkets_
- 15 Nov 2004

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Singapore Airlines estimated that its parent SIA Group's operating profit for the six months to September 30 was boosted by $127 million to $638 million. That was due to the weakness of the Singapore dollar against currencies such as sterling, euro, yen and Australian dollar, coupled with cost savings from the weaker US dollar, it said.

Japan Airlines said exchange benefits amounted to ¥9.3 billion ($84.5 million) in its air transport segment for the six months to September 30, helping it report

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