Singapore Airlines reports a net profit of S$290 million for FY2024/25 Q2, down 59% YoY.
• Increased capacity and stronger competition in key markets led to yield moderation, resulting in lower operating profit
• Operational efficiency initiatives helped to keep non-fuel costs in line with the Group’s capacity growth, despite general price inflation
• Group continues to strengthen its foundations with strategic initiatives including the Air India-Vistara merger and S$1.1 billion A350-900 retrofit programme
• Interim dividend of 10 cents per share to be paid on 11 December 2024
