Singapore Airlines (SIA) has showcased its resilience in the face of rising competition and operational costs, achieving strong growth in both its network and fleet during the first half of FY2024/25. Despite challenges like increasing fuel prices and a competitive market, the airline has maintained a robust performance.

For the first half of the fiscal year, SIA reported a net profit of SGD 742 million. Although this marks a 48.5% decrease compared to the same period last year, total revenue rose by 3.7%, reaching SGD 9,497 million. The Group’s higher operational costs, driven by fuel and non-fuel expenditures, have impacted profitability, with operating profit dropping by 48.8%. Nonetheless, the growth in revenue signals a strong foundation for future recovery.

Passenger numbers surged as SIA and its budget arm, Scoot, together transported 19.2 million passengers. This represents a 10.8% increase from the previous year. However, the airline faced slight reductions in its load factor, impacted by rising competition. On the cargo side, SIA saw an increase in its cargo load factor, driven by strong demand from the booming e-commerce sector.

To boost global connectivity, Singapore Airlines expanded its network by adding new routes to destinations like Subang and Kertajati, while also increasing frequencies to major cities. The Group’s fleet also grew with the addition of four Boeing 787-10 aircraft, further enhancing its sustainability and operational flexibility.

Furthermore, SIA has committed to an ambitious SGD 1.1 billion upgrade, retrofitting 41 Airbus A350-900 aircraft with upgraded cabins. This reflects SIA’s dedication to delivering premium services to travelers.

As SIA strengthens its position through strategic alliances and fleet investments, it remains poised for long-term success. The airline’s focus on growth, innovation, and sustainability ensures it will continue to lead in the competitive aviation market.

Looking ahead, Singapore Airlines is well-equipped to navigate upcoming challenges and capitalize on new opportunities in the aviation industry.

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