The group-wide passenger load factor, an industry metric used to determine how much passenger carrying capacity is used, improved by 2.6 percentage points to hit 88.0%. Together with its low-cost unit Scoot, SIA carried some 36.4 million passengers, up 37.6% y-o-y.
Singapore Airlines (SIA) has reported record earnings of $2.68 billion for FY2024 ended March. The airline will reward shareholders with a final dividend of 38 cents, totalling 48 cents for the year, yielding 7.5%. This is up from the 38 cents for the previous year ended March 2023.
While net profit for the year improved by 24% y-o-y, revenue increased by 7% y-o-y to $19 billion, and operating profit, which excluded one-offs and exceptional items, was up 1.3% y-o-y to $2.7 billion.
