SINGAPORE – Singapore Airlines posted a record full-year net profit on May 15 and is proposing a higher dividend payout for shareholders and a fatter bonus for staff.
Sales from cargo fell around 40 per cent to $2.1 billion. SIA said that while loads increased 1.7 per cent due to the strong demand from the e-commerce segment, yields were 42.2 per cent lower than a year earlier but almost 30 per cent above pre-pandemic levels. SIA and its low-cost carrier Scoot carried 36.4 million passengers, up 37.6 per cent on a year earlier.
Passenger yields will likely continue to moderate, due to airlines increasing capacity, especially in the Asia-Pacific.
Source: News Formal (newsformal.com)
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