Singapore Airlines posts record annual profit
May 17, 2025
Singapore Airlines Group has reported its highest-ever net profit of S$2.78 billion for the financial year ending 31 March 2025, a result boosted significantly by a one-off accounting gain of S$1.1 billion linked to the completion of the Air India-Vistara merger.
Despite a fall in operating profit due to rising costs and increased competition, group revenue reached a record S$19.54 billion, up 2.8% year-on-year, supported by robust travel demand and improved cargo volumes.
Passenger numbers across Singapore Airlines and Scoot rose to an all-time high of 39.4 million, an 8.1% increase, although overall passenger load factor dipped to 86.6% amid intensified competition and a broader industry capacity ramp-up.
Cargo also contributed positively to the group’s top line, as flown revenue rose 4.4% to S$2.25 billion.
Operating profit for the year stood at S$1.71 billion, a 37.3% decrease compared to the previous year.
This was primarily due to higher non-fuel expenditure, which rose by 11% to S$12.45 billion, driven by increased capacity and inflationary pressures. Net fuel costs increased by S$309 million, even as global fuel prices fell by 8.5%.
The completion of the Air India-Vistara merger in November was a significan milestone in SIA’s multi-hub strategy. The airline now holds a 25.1% stake in the enlarged Air India, giving it direct access to the rapidly growing Indian aviation market.
