Singapore Airlines Group Reports Record S$2.78 Billion Net Profit for FY2024/25
Singapore Airlines (SIA) Group has achieved a historic milestone, reporting a net profit of S$2.778 billion for the financial year ending March 31, 2025.
To recognize the efforts and dedication of its workforce, the airline will award its employees a profit-sharing bonus equivalent to 7.45 months of salary. This payout follows a well-established formula developed in collaboration with employee unions. For comparison, staff received a slightly higher bonus of 7.94 months the previous year.
Drivers Behind the Surge
The Group’s record-breaking results were fueled by several positive trends. Total revenue grew by 2.8%, reaching S$19.54 billion, supported by continued strength in both passenger and cargo demand. Together with its low-cost carrier Scoot, SIA served 39.4 million passengers—an 8.1% increase year-on-year.
A significant boost also came from a one-time, non-cash accounting gain of S$10.98 billion. This was linked to the November 2024 merger between Vistara and Air India. Prior to this, SIA held a 49% stake in Vistara through a joint venture with Tata Sons. Following the consolidation, SIA now owns a 25.1% share in the expanded Air India.
Navigating Future Headwinds
Despite its recent success, SIA is preparing for headwinds in the global aviation landscape. Issues such as shifting trade dynamics, economic uncertainty, policy changes, and ongoing supply chain disruptions could influence market stability. The Group plans to stay agile and responsive to emerging challenges.
SIA remains confident in its ability to weather uncertainty, leveraging its dual-brand strategy, broad international network, solid financial base, and committed team. The Air India merger is also seen as a key component in enhancing its presence in the fast-growing Indian aviation market. According to the International Air Transport Association (IATA), India is projected to become the world’s third-largest aviation market this decade, after the U.S. and China.
With a strong performance and strategic outlook, SIA is well-positioned to maintain its momentum and strengthen its leadership in the competitive airline industry.