According to Nikkei Asia, Singapore Airlines reported a 43.9% year-on-year drop in net profit to S$134 million (approximately $104 million) for the April–September period. The report noted that a 90% increase in fuel expenses offset the positive impacts of rising passenger demand and revenue growth. This performance covers the first half of the company's fiscal year (April to September) rather than January to June, and the surge in fuel expenses does not equal the percentage increase in unit fuel prices.