SilkAir, the regional subsidiary of Singapore Airlines, is hoping to make its first-ever profit in the current financial year to March 1997. Industry sources say that the airline cut its losses to around S$6 million ($4.3 million) over 1995/6, having produced a deficit of $27.5 million the year before. SilkAir has been working to cut costs by changing its aircraft fleet to smaller Boeing 737s and Fokker 70s and transferring unprofitable routes to its parent.
Source: Flight International