Singapore Airlines posted annual net profit of SS$2.675 billion for the 2024 fiscal year, the highest in the company’s 77 year history.Revenues during the year rose 7%, with higher traffic in North Asia showing the largest improvement as China, Hong Kong, Japan and Taiwan fully re-opened their borders.
Robust demand resulted in record traffic, with SIA and Scoot carrying 36.4 million passengers, up 37.6% year over year.Load factors grew to 87.1% at SIA and 91.2% at Scoot, up a combined 2.6% year over year.Passenger yields fell 7.6% as higher capacity and increase competitiveness resulted in lower airfares.Nonetheless, the increase in traffic and loads more than compensated for the drop in yields.
We use cookies to optimize our website and our service.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
