Singapore Airlines FY2025 cargo revenue up 4% on strong demand
Total revenue increased 3% to $19.5 billion and net profit was up 4% at $2.8 billion.;
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Singapore Airlines reported a 4.4 percent increase in cargo revenue at $2.2 billion for the year ended March 31, 2025, buoyed by the strong demand for e-commerce and perishables as well as the spillover from disruptions to sea freight.
"While the cargo load factor (CLF) rose 1.6 percentage points to 56.1 percent, yields decreased 7.8 percent (to 36.5 cents/load tonne kms) due to increased competition," says an official release.
Cargo and mail carried increased 16 percent to 1.1 million tonnes, and capacity was up 10.1 percent at 10.8 billion tonne-km.
The cargo network comprised 132 destinations in 37 countries and territories at the end of March 31, 2025, the release added.
"As of March 31, 2025, the group operating fleet comprised 205 aircraft with an average age of seven years and eight months. SIA operated 145 passenger aircraft and seven freighters, while Scoot had 53 passenger aircraft. In April 2025, the Group added one Airbus A321neo and one Boeing 787-8 to its fleet. As of May 1, 2025, the Group had 78 aircraft on order."
Total revenue increased 2.8 percent to $19.5 billion and net profit was up 3.9 percent at $2.8 billion, boosted by one-off, non-cash accounting gain of $1.1 billion from the Air India-Vistara merger.
(All revenue figures mentioned are in Singapore Dollars)