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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
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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.

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