The airline signalled that pressure will continue as competition remains tough.
Despite the lucrative summer holiday travel season, SIA reported a rise of just 2 per cent in revenue to $4.8 billion for the second quarter compared with a year ago.SINGAPORE – Singapore Airlines signalled that it expects pressure from rising competition to continue despite “robust” demand for air travel.
Despite the lucrative summer holiday travel season, the airline reported a rise of just 2 per cent in revenue to $4.8 billion for the second quarter compared with a year ago. For the first half of its financial year ending March 30, 2025, revenue rose 3.7 per cent year on year to $9.5 billion, while net profit was down 48.5 per cent to $742 million for the period.
While passenger demand has yet to catch up with newly available capacity, the additional aircraft will give the national carrier the flexibility to increase flights to take advantage of the popular northern winter season between Oct 27, 2024, and March 29, 2025.SIA Engineering lifted by higher demand for its services amid robust travel, shortage of planes
These will include increased weekly services to destinations such as Adelaide, Barcelona, London , Milan, and Rome, catering to the mid-year travel demand.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CNA Explains: Why do airlines codeshare and should passengers expect similar service on a codeshare flight?Singapore Airlines codeshares its flights with 33 other airlines.
Read more »
On this date in 2007, Airbus delivered its first A380 to Singapore AirlinesSeventeen years ago today (Oct 15), Singapore Airlines (SIA) made aviation history when it took delivery of the world's first-ever Airbus A380. This wasn't just any plane. It was the world's largest passenger jet with four powerful engines, a double-decker layout, and a wingspan of 262 feet.
Read more »
Singapore Airlines flight to Tokyo diverted to Taipei due to cracked windshieldSINGAPORE: A Singapore Airlines (SIA) flight bound for Tokyo was diverted to Taipei on Monday (Oct 28) due to a "cracked windshield" mid-flight, said the airline. Flight SQ636, with 249 passengers and 17 crew members on board, took off from Changi Airport at 11.
Read more »
Singapore Airlines to spend S$1.1 billion to retrofit planesSINGAPORE: National carrier Singapore Airlines (SIA) said on Monday (Nov 4) it will spend S$1.1 billion (US$835 million) to retrofit the cabins of its long-range Airbus A350-900 planes, as competition toughens.
Read more »
Singapore stocks rose on Friday’s open—STI gained 0.4% Singapore News%
Read more »
Singapore's companies struggle to harness transformative power of AI, survey finds Singapore News -%
Read more »