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Friday, 17 May 2024

Singapore Airlines (SIA) has posted a record annual profit after strong travel demand in North Asia and healthy freight results.

"Cargo demand strengthened towards the end of FY2023/24 on the back of healthy e-commerce demand, resilient and growing segments such as perishables and concerts," the company said.

In the cabins, it said the demand for air travel stayed "healthy" in Q1 of fiscal 2024-2025 thanks to forward bookings in North and South East Asia.

For the financial year ended March, the company reported annual net profit of S$2.68 billion, compared with S$2.16 billion a year ago.

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