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SIA group announces record year; benefits from Air India-Vistara merger
May 16th 2025
Singapore Airlines (SIA) Group has delivered a record full-year profit to March 31 boosted by a one-off non-cash accounting gain of S$1.1 billion (US$847.20 million) from the Air India-Vistara merger. Read More » The carrier’s latest annual profit of S$2.78 billion compared with a S$2.68 billion net profit in its previous year. Operating profit declined 37%, to S$1.71 billion from a year ago SIA said because passenger yields were down by 5.5% as a result of stiff competition and a capacity increase. Singapore Airlines and Scoot flew a combined record 39.4 million passengers in the 12 months, up 8.1%, with a group passenger load factor of 86.6%, a 1.4% dip. Passenger traffic growth of 6.4% lagged a capacity expansion of 8.2%, SIA added. At March 31, SIA had a 205 aircraft fleet with an average age of seven years and eight months. SIA was operating 145 passenger aircraft and seven freighters and Scoot was flying 53 passenger jets.
