Singapore Airlines (SIA) Group has announced a record net profit of $2.8b for the financial year ending 31 March 2025, driven by a one-off non-cash accounting gain of $1.1b from the Air India-Vistara merger. Despite facing heightened competition, the Group achieved an operating profit of $1.7b, supported by record passenger carriage.
The Group’s total revenue rose by 2.8% to $19.54b, attributed to strong demand for air travel and cargo services. SIA and its low-cost subsidiary, Scoot, carried a record 39.4m passengers, marking an 8.1% increase. However, passenger yields fell by 5.5% due to intensified competition, resulting in a passenger flown revenue of $15.85b.
Cargo revenue also saw an improvement, increasing by 4.4% to $94m, driven by robust demand for e-commerce and perishables. The Group’s expenditure increased by 9.5% to $17.83b, with non-fuel costs rising by 11% due to capacity growth and cost pressures. Fuel costs rose by 6.1%, although this was partially offset by a reduction in fuel prices and favourable exchange rates.
SIA Group’s strategic initiatives include a $1.1b investment in new long-haul cabin products and a $45m transformation of its lounges at Singapore Changi Airport. The Group also plans to enhance its network connectivity through a partnership with All Nippon Airways, offering revenue-sharing flights between Japan and Singapore from September 2025.
Looking ahead, SIA Group remains well-positioned to navigate global uncertainties, supported by its strong financial foundations and strategic investments. The proposed final dividend for FY2024/25 is 30 cents per share, bringing the total dividend for the year to 40 cents per share.
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