Singapore Airlines Group Reports Strong Financial Performance in FY2023/24

The Singapore Airlines Group has reported a strong financial performance in the fiscal year 2023/24, driven by increased passenger demand. The Group’s total revenue climbed by 7.0% to $19,013 million, while operating profit reached a record $2,728 million, up by 1.3% from the previous year. Passenger traffic grew by 26.6%, surpassing the 22.9% capacity expansion, resulting in a record-high Group passenger load factor (PLF) of 88.0%. SIA and Scoot achieved individual record PLFs of 87.1% and 91.2%, respectively.

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