Tag Archives: SIA Group

• Record $2.8 billion net profit, boosted by the one-off non-cash accounting gain of $1.1 billion from the Air India-Vistara merger • Operating profit of $1.7 billion on lower yields from heightened competition, partially mitigated by record passenger carriage • The SIA Group remains in strong position to navigate global trade and macroeconomic uncertainties due to its robust foundations and long-term strategic investments • Proposed final dividend of 30 cents per share for FY2024/25, resulting in a total dividend of 40 cents per share for the year SIA GROUP FINANCIAL PERFORMANCE Financial Year FY2024/25 – Profit and Loss The Singapore Airlines (SIA) Group’s financial performance for the financial year FY2024/25 is summarised as follows: Group Financial Results   FY2024/25 ($ million)   FY2023/24 ($ million) Better/ (Worse) (%) 2nd Half FY2024/25 ($ million) 2nd Half FY2023/24 ($ million) Better/ (Worse) (%) Total Revenue 19,540 19,013 2.8 10,042 9,850 1.9 Total Expenditure 17,831 16,285 (9.5) 9,129 8,677 (5.2) Net Fuel Cost 5,386 5,077 (6.1) 2,656 2,794 4.9 Fuel Cost (before hedging) 5,441 5,468 0.5 2,643 2,940 10.1 Fuel Hedging (Gain)/Loss (55) (391) (85.9) 13 (147)  n.m. Non-fuel Expenditure 12,445 11,209 (11.0) 6,473 5,883 (10.0) Operating Profit 1,709 2,728 (37.3) 914 1,174 (22.1) Net Profit 2,778 2,675 3.9 2,036 1,234 65.0  Group revenue climbed $527 million (+2.8%) from a year before to a record $19,540 million, driven by resilient demand for air travel and cargo uplift in FY2024/25. SIA and Scoot carried a record 39.4 million passengers, up 8.1%. Group passenger load factor (PLF) fell 1.4 percentage points to 86.6%, as passenger traffic growth of 6.4% lagged capacity expansion of 8.2%. Passenger yields dipped 5.5% to 10.3 cents per revenue passenger-kilometre amidst intensified competition …

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