• Photo: Singapore Airlines Cargo


Artikel Nummer: 40991

Smile returns as SIA posts record freight business

During FY 2021-2022, the Singapore Airlines (SIA) Group cut net losses by 78% to SGD 962 million (USD 694 million), posting second half operating profit of SGD 10 million "as travel demand returns", as the Southeast Asian carrier says.


Its lifeline, however, was the cargo business once again. Full year cargo flown revenue reached a record SGD 4,339 million (+60.2%), driven by strong demand amid continued capacity constraints for both sea freight and air freight. This led to a 44.5% increase in loads carried (1.046 million t), and 10.8% rise in yields.


Consequently, Group revenue rose by 99.6% to SGD 7,615 million. SIA has also firmed up an order for seven A350F to replace its fleet of B747-400Fs. Deliveries will begin in Q4/2025, and SIA will be the first operator of this new-generation aircraft. (ah)




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