The SIA Group has posted Group revenue for the three months to December 31, 2022, of SG$4,846 million a rise of SG$358 million (+8.0%) quarter-on-quarter. This is a record quarterly revenue for the Group. Passenger-flown revenue increased by SG$463 million (+14.0%) to SG$3,767 million as traffic grew 12.2% for the quarter, outpacing the 11.1% expansion in capacity.
Revenue per available seat-kilometre (RASK) was 10.6 cents, the highest quarterly RASK in the Group’s history. Cargo flown revenue fell SG$141 million (-14.1%) to SG$862 million, with the lower yields (-14.6%) partially mitigated by a slight uptick in loads (+0.6%). Expenditure grew by SG$281 million (+7.4%) quarter-on-quarter to SG$4,091 million.
The Group posted an operating profit of SG$755 million for the third quarter, up SG$77 million (+11.4%) from the previous quarter. Operating profit for SIA (Singapore Airlines) was SG$48 million (-7.0%) lower quarter-on-quarter at SG$636 million. Scoot achieved a record quarterly operating profit of SG$135 million, up SG$123 million or more than 11-fold from the previous quarter. The low-cost carrier’s operating revenue surged to a record SG$592 million (+SG$145 million), significantly outpacing the increase in operating expenditure (-$22 million). (£1.00 = SG$1.61 at time of publication)
