SINGAPORE: The Singapore Airlines (SIA) group on Tuesday (May 16) reported a record annual profit of S$2.16 billion (US$1.63 billion), reversing three straight years of losses. Strong demand for air travel drove revenue, operating profit and passenger load factor, said SIA. Accor
SINGAPORE: The Singapore Airlines group on Tuesday reported a record annual profit of S$2.16 billion , reversing three straight years of losses.According to SIA Group’s latest operating results, group passenger capacity reached 79 per cent of pre-COVID-19 levels at the end of March.
The passenger load factor also increased by 55.3 percentage points to 85.4 per cent - the highest in the company's history. "Macroeconomic headwinds dampened consumer demand, while high inventory levels led to a slowdown in new orders," said the group.nterim dividend of 10 cents per share paid on Dec 22, 2022, the total dividend for FY2022/23 will be 38 cents per share.air travel and adjust its capacity accordingly, noting that demand remains robust in the first quarter of FY2023/24, underpinned by the recovery in air travel in East Asia.
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