SINGAPORE Airlines Group has reported its highest-ever net profit of SAD2.78 billion (US$2.14 billion) for the financial year ending March 31, 2025, a result boosted significantly by a one-off accounting gain of SAD1.1 billion linked to the completion of the Air India-Vistara merger.
Despite a fall in operating profit due to rising costs and increased competition, group revenue reached a record SAD19.54 billion, up 2.8 per cent year on year, supported by robust travel demand and improved cargo volumes.
Passenger numbers across singapore Airlines and Scoot rose to an all-time high of 39.4 million, an 8.1 per cent increase, although overall passenger load factor dipped to 86.6 per cent amid intensified competition and a broader industry capacity ramp-up.
Cargo also contributed positively to the group's top line, as flown revenue rose 4.4 per cent to SAD2.25 billion, reports UK's Aerospace Global News.
Operating profit for the year stood at SAD1.71 billion, a 37.3 per cent decrease compared to the previous year.
This was primarily due to higher non-fuel expenditure, which rose by 11 per cent to SAD12.45 billion, driven by increased capacity and inflationary pressures. Net fuel costs increased by SAD309 million, even as global fuel prices fell by 8.5 per cent.
The completion of the Air India-Vistara merger in November was a significant milestone in SIA's multi-hub strategy. The airline now holds a 25.1 per cent stake in the enlarged Air India, giving it direct access to the rapidly growing Indian aviation market.
SeaNews Turkey
Despite a fall in operating profit due to rising costs and increased competition, group revenue reached a record SAD19.54 billion, up 2.8 per cent year on year, supported by robust travel demand and improved cargo volumes.
Passenger numbers across singapore Airlines and Scoot rose to an all-time high of 39.4 million, an 8.1 per cent increase, although overall passenger load factor dipped to 86.6 per cent amid intensified competition and a broader industry capacity ramp-up.
Cargo also contributed positively to the group's top line, as flown revenue rose 4.4 per cent to SAD2.25 billion, reports UK's Aerospace Global News.
Operating profit for the year stood at SAD1.71 billion, a 37.3 per cent decrease compared to the previous year.
This was primarily due to higher non-fuel expenditure, which rose by 11 per cent to SAD12.45 billion, driven by increased capacity and inflationary pressures. Net fuel costs increased by SAD309 million, even as global fuel prices fell by 8.5 per cent.
The completion of the Air India-Vistara merger in November was a significant milestone in SIA's multi-hub strategy. The airline now holds a 25.1 per cent stake in the enlarged Air India, giving it direct access to the rapidly growing Indian aviation market.
SeaNews Turkey
