SINGAPORE Airlines (SIA) : C6L 0% might not post the spectacular increase in its FY2024 earnings in the year ahead, as rising industry capacity would continue to exert downward pressure on its passenger yields.
The airline’s chief commercial officer Lee Lik Hsin did not give a direct answer at its financial results briefing on Thursday (May 16) to a query on whether the group could pull off another 24 per cent improvement in FY2025 net profit.
On Wednesday, the airline group posted earnings of S$2.7 billion and a revenue of S$19 billion – both were record high – for FY2024 to March, on buoyant travel demand as North Asian markets fully reopened their borders.
