Singapore Airlines Group reported a 57.4% year on year decline in net profit to $1.18b for the financial year ended 31 March, mainly due to the absence of a one-off accounting gain in the prior year and its share of losses from Air India. Operating profit rose 39% to $2.38b, supported by higher passenger demand, stronger yields and lower net fuel costs. Revenue increased 5% to $20.52b, whilst expenditure rose 1.8% to $18.15b.