During the period, SIA carried 3.9 million passengers in FY2022, up six-fold from a year before, while it ramped up passenger capacity (measured in available seat-kilometres) in a calibrated manner, growing from 24% of pre-Covid levels in April 2021 to 51% by the end of March.
Thanks to the reopening of the economy and the pent-up demand of travellers, Singapore Airlines (SIA) is seeing some improvement in its earnings. Albeit still reporting a loss, SIA managed to narrow losses significantly in FY2022 ended March to $962.0 million from $4.27 billion in FY2021.
This came on the back of a 100% growth in total revenue to $7.6 billion from $3.8 billion a year ago.
