The record earnings can be attributed to a 1.7% y-o-y growth in passenger flown revenue credited to a record of 10.2 million passengers flown and a cargo flown revenue growth of 9.7% y-o-y given a 14.6% increase y-o-y in cargo load.
Flag carrier Singapore Airlines (SGX:C6L
) (SIA), posted a stellar 3QFY2025 earnings performance with a 2.7% year-on-year (y-o-y) growth to a record $5.2 billion.
This was “on the back of robust travel demand and SIA’s sustained lead in capacity post-reopening (of air travel),” says OCBC equity research team analyst, Ada Lim, in her Feb 24 report.
