Singapore Airlines (SIA) reported a net profit of S$2.8bn ($2.2bn) for the fiscal year ending March 31, 2025. The profit marks a 3.9% increase on the previous year.
SIA noted a one-off non-cash accounting gain of S$1.1bn ($846 million) from the Air India-Vistara merger.
The company's revenues were up 2.8% to S$19.5bn ($15bn), while operating expenses climbed 9.5% to S$17.8bn ($13.7bn) in the full year period. Both SIA and Scoot carried a total of 39.4 million passengers during the period, up 8.1%. Passenger load factor fell 1.4 percentage points to 86.6%. Passenger yields dipped 5.5% in the full year.
The increases costs were driven by the 8.9% overall capacity growth and cost pressures. The group's costs management strategy had offset some of these pressures, including digitalisation and productivity improvement. The company said in its earnings call it was investing further in AI to lower costs.
“The SIA Group remains in a strong position to navigate global trade and macroeconomic uncertainties due to its robust foundations and long-term strategic investments,” the company read in its report.
SIA continued: “The global airline industry faces a challenging operating environment amid changing tariff policies and trade tensions, economic and geopolitical uncertainties, and continued supply chain constraints. These factors may impact consumer and business confidence, potentially affecting both passenger and cargo markets.”
On the back of its results, the company declared a final dividend of S$0.30 ($0.23) per share for the year, resulting in a total dividend of S$0.40 ($0.31) per share.
As of the end of the fiscal year, the group's total operating fleet comprised 205 aircraft with an average age of 7.8 years. SIA operated 145 passenger aircraft and seven freighters, while Scoot had 53 passenger aircraft. In April 2025, the group added one A321neo and one 787-8 to its fleet. The group had 78 aircraft on order.
SIA closed the fiscal year with cash and bank balances totalling S$8.3bn ($6.4bn).