United Kingdom
United States
Asia Pacific
SIA Group airline profit soars in Q1
The SIA Group, comprising Singapore Airlines and Scoot, posted a net airline profit of S$734 million in the first three months of FY2023/24.
It represents the highest quarterly performance in its history.
It is thanks to strong school holidays demand.
Passenger capacity expanded by 32.4% year-on-year.
SIA and Scoot carried 8.4 million passengers during the quarter, which is 65.5% higher than a year ago.
Passenger traffic and load factors improved across all markets.
It achieved record quarterly passenger load factor of 88.9%.
Group revenue rose $551 million (+14.0%) year-on-year to $4.4 billion.
SIA generated a record operating profit of $738 million, while Scoot was $2.4 million.
As of 30 June 2023, the Group shareholders’ equity was $17.2 billion
Scoot expanded its footprint in China with the resumption of services to seven destinations including Shenyang, Wuhan, and Xi’an.
SIA and Scoot collectively serve 17 destinations in China.
As of 30 June 2023, the combined passenger network5 covered 116 destinations in 36 countries and territories.
Learn more about : Singapore Airlines ( Asia Pecific )
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Mark Jaronski of Explore Georgia on FIFA World Cup 2026
Connecting Small Businesses to Global Tourism Markets: Nate Huff of Tourism Exchange
North Carolina’s Resilience: Wit Tuttell on Recovery and Tourism
Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel
Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination
Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics
Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
Craig Ray and the Expansion of the Blues Trail
Presenting Mississippi’s Cultural Trails with Katie Coats
BA suspending all Heathrow to Abu Dhabi flights
Turkish Airlines flight in emergency landing after pilot dies
Unexpected wave rocks cruise ship
Woman dies after going overboard in English Channel
Foreign Office issues travel advisory for winter sun destinations