SIA Group records USD 19 billion revenue for FY2024/25

The group achieved half-yearly revenue of USD 10,042 million, a USD192 million (+1.9%) increase from the same period last year. As of May 1, 2025, the group had 78 aircraft on order.

Singapore Airlines (SIA) Group has released its annual report for year FY2024/25. The group has recorded revenue climbed USD 527 million (+2.8%) from a year before to a record USD19,540 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 due to industry-wide capacity injection. For the year, passenger flown revenue came in at USD 15,849 million (+1.0%).

The group expenditure rose USD 1,546 million (+9.5%) to USD 17,831 million, with non-fuel expenditure up USD 1,236 million (+11.0%), driven by the 8.9% overall capacity growth and cost escalation pressures. This was partially mitigated by the group’s cost management measures, including digitalisation and productivity improvement initiatives.

The group recorded a lower operating profit of USD 1,709 million for FY2024/25, down USD 1,019 million (-37.3%) from the prior year.

The net profit improved USD 103 million (+3.9%) to a record USD 2,778 million, due to a USD 1,098 million non-cash accounting gain following the completion of the Air India-Vistara merger in November 2024.

Notably, the group achieved its highest half-yearly revenue of USD 10,042 million, a USD192 million (+1.9%) increase from the same period last year as key business segments registered higher revenue. Passenger revenue rose by USD 46 million (+0.6%) as passenger grew by 5.0%.

As of March 31, 2025, the operating fleet comprised 205 aircraft with an average age of seven years and eight months. SIA operated 145 passenger aircraft and seven freighters, while Scoot had 53 passenger aircraft. In April 2025, the group added one Airbus A321neo and one Boeing 787-8 to its fleet. As of May 1, 2025, the group had 78 aircraft on order.

According to the group, All Nippon Airways (ANA) and SIA will commence revenue-sharing flights between Japan and Singapore from September 2025, with the joint fare products for these services going on sale in May 2025. SIA has also announced a USD 1.1 billion investment in November 2024 to install all-new long-haul cabin products across its Airbus A350-900 long-haul and ultra-long-range (ULR) fleet. This includes the introduction of its new First Class cabin in seven A350-900ULR aircraft.