Current yields remain higher than pre-pandemic levels due to preparations for a post-Covid recovery
SINGAPORE Airlines (SIA) expects passenger yields to continue to moderate amid rising industry capacity, even as dipping yields across all its markets and customer segments have hit the group’s bottom line.
At the financial results briefing for the second quarter of FY2025 on Monday (Nov 11), SIA’s chief commercial officer Lee Lik Hsin said: “Obviously yield declines are different for different routes… But I would say that the yield declines were across the board. All our routes have seen a yield moderation in light of increasing competition from the additional supply that’s put into the market.”
He also disclosed that the declines were also broad-based across all customer segments, including economy class and business class.
