Rising industry capacity exerting pressure on yields, says senior SIA executive

SINGAPORE Airlines (SIA) might not repeat FY2024’s spectacular increase in its earnings in the year ahead. The airline’s chief commercial officer has said that rising industry capacity from peers would continue to exert downward pressure on its passenger yields.

Lee Lik Hsin, asked at the group’s financial results briefing on Thursday (May 16) whether the 24 per cent improvement in its net profit could happen again in FY2025, did not give a direct answer.

Instead, he pointed to the fall in passenger yields in the past six months stemming from the additional capacity from peers.