Singapore Airlines Ltd. is fighting to prevent travelers from switching to Emirates Airline, which is offering luxuries like on-board shower, while budget carriers are chipping away at the coach class. The result: The lowest yield from passengers in six years.
Yields, or the revenue earned from a passenger for flying a kilometer, was 10.6 Singapore cents in the year ended March, dropping from 11.2 cents a year earlier. That damped full-year net income to S$804 million ($585 million), or about a quarter of what Emirates racked up in the same period.
