SIA Posts Record S$2.78B Profit Amid Merger Gains, Competition Challenges

Singapore Airlines (SIA) reported a record net profit of S$2.78 billion for the year ending March 31, 2025, up from S$2.68 billion, driven by a S$1.1 billion gain from the Air India-Vistara merger. However, operating profit fell 37% to S$1.71 billion due to a 5.5% drop in passenger yields amid increased competition and rising fuel costs. Employees received a 7.45-month profit-sharing bonus. Cargo revenues rose 4.4%, but freight yields dropped 7.8%. SIA highlighted challenges from US tariffs, geopolitical tensions, and supply chain issues, but remains optimistic, leveraging its 25.1% stake in Air India and a diversified network for growth.