Singapore Airlines Posts Highest Profit in 76-Year History
- Continues to see healthy forward sales in all cabin classes
- Demand for travel to China, Japan and Korea driving recovery
A Singapore Airlines Ltd. aircraft at Hong Kong International Airport in Hong Kong, China.
Photographer: Lam Yik/BloombergThis article is for subscribers only.
Singapore Airlines Ltd. reported record annual profit for the year ended March and said forward sales are healthy across all cabin classes, led by bookings to China, Japan and South Korea.
Net income for the group, which includes budget arm Scoot, totaled S$2.16 billion ($1.62 billion) as people embraced flying again after Covid. It posted a loss of S$962 million the previous year. Revenue was S$17.78 billion, up from S$7.6 billion.