kabarsula Singapore Airlines posts record half-year revenue of S$11.3 billion as fuel bites profit bandar SLOT INDONESIA

Singapore Airlines Group has posted record half-year revenue of S$11.3 billion, up 16.8 per cent, but elevated jet fuel prices driven by the Middle East conflict cut net profit by 43.9 per cent to S$134 million.

Operating profit for the six months to 30 September fell 29.1 per cent to S$569 million. Average jet fuel prices were US$171 a barrel, 86.7 per cent higher year on year. Fuel hedging gains of S$731 million softened the blow, but net fuel costs still jumped 56 per cent to S$3.97 billion.

The second quarter was stronger. Operating profit rose 16.3 per cent to S$463 million and net profit climbed to S$210 million from S$52 million a year earlier, helped by a smaller share of losses from associate Air India.

SIA and Scoot carried a half-year record 21.8 million passengers, up five per cent. Passenger yields rose 12.1 per cent to 11.1 cents per revenue passenger-kilometre. Cargo revenue grew 30.2 per cent to S$1.39 billion on a 25.4 per cent lift in yields.

The group’s passenger load factor slipped 0.9 percentage points to 86.8 per cent, as capacity growth of 4.9 per cent outpaced traffic growth of 3.8 per cent.

The airline said fares and cargo rates had been adjusted but did not fully offset sustained high fuel prices, and an extended conflict could add inflationary pressure and dampen demand.

Australian focus

From 23 November, SIA will operate daily non-stop flights between Singapore and Western Sydney International (Nancy-Bird Walton) Airport, its eighth Australian destination and second in Sydney. Combined with four daily services to Kingsford Smith, SIA will operate five daily flights each way between Sydney and Singapore.

For the Northern Winter season (25 October to 27 March), SIA will also add frequencies to Adelaide, Auckland, Milan, Munich, Ho Chi Minh City and Da Nang.

Product and dividends

SIA unveiled its new First, Business, Premium Economy and Economy cabin products on 6 November, alongside a new KrisWorld inflight entertainment system and refreshed dining. The group will pay an interim ordinary dividend of 2 cents and an interim special dividend of 5 cents per share on 11 December.