Singapore Airlines Group reported a net profit of SGD126 million ($97.5 million) for the half-year ended Sept. 30, down 55.5% from the SGD282.4 million reported for the same period in the previous financial year. The airline group said its net profit had been severely affected by associates' losses, and acknowledged that passenger yields remain under pressure, leading to a largely flat first half operating result. The group's operating profit was up 1.2% for the first half of the 2014-15 financial year, reaching SGD171 million from SGD167 million year-over-year. However, group revenue fell 2% to SGD7.6 billion, with passenger revenue down 0.4% despite a 1.4% increase in traffic. The competitive operating environment and depreciating revenue-generating currencies helped push yield down 1.8% year-over-year.
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