Home Capital Results

SIA narrows losses significantly in FY2022 to $962.0 mil

Samantha Chiew
Samantha Chiew5/18/2022 06:59 PM GMT+08  • 3 min read
SIA narrows losses significantly in FY2022 to $962.0 mil
Photo: Bloomberg
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Thanks to the reopening of the economy and the pent-up demand of travellers, Singapore Airlines (SIA) is seeing some improvement in its earnings. Albeit still reporting a loss, SIA managed to narrow losses significantly in FY2022 ended March to $962.0 million from $4.27 billion in FY2021.

This came on the back of a 100% growth in total revenue to $7.6 billion from $3.8 billion a year ago.

During the period, SIA carried 3.9 million passengers in FY2022, up six-fold from a year before, while it ramped up passenger capacity (measured in available seat-kilometres) in a calibrated manner, growing from 24% of pre-Covid levels in April 2021 to 51% by the end of March.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now