BREAKING:

The SIA Group reported a strong operational performance for the first half of the financial year, supported by resilient travel demand and lower fuel expenses. However, the overall net result was significantly impacted by the share of losses from an associated company and a shift in net interest dynamics. Despite market uncertainties, management remains committed to strategic investments, capacity adjustments, and enhancing the customer experience through product upgrades and technology. The Group has proposed a special dividend package to return capital to shareholders, highlighting its robust financial standing.

• Strong Performance, Hidden Headwinds: Exceptional travel demand and efficient cost management drove operations, but unexpected losses from a key associate tempered the overall financial outcome

• Investor Reward: The Group announced a multi-year plan to return substantial capital to shareholders, affirming confidence in its continuing financial strength and balance sheet

• Next-Generation Travel: The company is investing heavily to unveil an entirely new long-haul cabin experience and is rolling out vastly enhanced in-flight connectivity across its entire network

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BREAKING:

The SIA Group has released its unaudited financial results for the first quarter of FY2025/26, showcasing a resilient operating profit amidst a challenging operational landscape. Both Singapore Airlines and Scoot reported record passenger numbers, reflecting strong demand for air travel, although passenger yields experienced a decline due to increased industry capacity and rising non-fuel costs. The Group's net profit saw a notable decrease, primarily attributed to lower interest income and a shift to recording losses from associated companies, including Air India. Despite these headwinds, the SIA Group is actively pursuing strategic initiatives in decarbonisation, network expansion, and key partnerships, underscoring its commitment to maintaining a robust position and navigating future challenges effectively.

• Discover how the SIA Group's airlines achieved unprecedented passenger traffic, despite facing strong competitive pressures that impacted overall yields
• Learn about the key financial movements that led to a significant shift in the Group's net profit, including the influence of its strategic investments
• Explore the ambitious sustainability efforts and new commercial alliances that are shaping the Group's future direction and global connectivity

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For more information, click here: SINAGPORE AIRLINES LTD 2023 AGM