SIA expects healthy passenger demand in near term, but yields may ease as industry capacity rises

NATIONAL carrier Singapore Airlines (SIA) expects healthy demand for air travel in the two quarters to March 2024. However, it has flagged that significant capacity restoration across the industry, especially in the Asia-Pacific region, could reduce passenger yields.

The airline group is ramping up its passenger capacity, which is expected to reach around 92 per cent of pre-pandemic levels in December 2023, and will achieve a full recovery by March 2025.

SIA gave an update on the group’s strategies and operations at an earnings briefing on Wednesday (Nov 8), a day after its half-year financial results were published.