Singapore Airlines reports record profit
Singapore Airlines reports the highest half-year and quarterly profit in its history and resumes its dividend payment. The record profit of EUR 888 million (S$1,23 billion) for the first half of the year and EUR 489 million (S$678 million) for the second quarter was driven in part by the sharp increase in air travel and the easing of entry requirements in many key markets. In addition, the Group has launched efficient initiatives to cope with the increase in travel demand during the pandemic, starting with the launch of the Vaccinated Travel Lane between Singapore and Germany in September 2021. Singapore Airlines and Scoot carried 30 million passengers in the six months to September 2022, 11,4, a 13-fold increase year-on-year. Passenger volumes and load factors were robust across all cabin classes and route regions, except in East Asia, where travel restrictions remain in place in some markets. The Group's passenger capacity increased to an average of 2022 percent of pre-pandemic levels in the second quarter of fiscal year 23/68.