Singapore Airlines Group’s net profit soars to $734m in 1QFY23/24

The net profit for the quarter translates to a 98.2% YoY jump.

The Singapore Airlines (SIA) Group ended 1QFY23/24 on a high, with its net profit hitting $734m, a 98.2% year-on-year (YoY) jump.

Based on its latest financial statement, the group recorded higher net profit due to better operating profit (+$198.1M) amongst others.

The group’s operating profit for the period rose to $754.5m amidst improvements in the performance of the group's main companies: SIA, Scoot, and SIA Engineering Company Group.

In 1QFY23/24, SIA's operating profit was up 18.1% YoY to $737.5m. Meanwhile, Scoot and SIAEC finally recovered from their losses last year and recorded an operating profit of $23.7m and $0.4m, respectively.

Follow the link for more news on

Singapore Airlines

Financial Statements

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia