SIA maintains safe distance from shareholders even as passenger load factors recover strongly

SINGAPORE Airlines has kicked off its financial year to March 2023 on a strong note, according to the group’s responses to questions from its shareholders ahead of its annual general meeting (AGM) scheduled for Tuesday (Jul 26).

The airline group said it carried 5.1 million passengers during Q1 FY2023 – up 158.3 per cent quarter on quarter and more than 14 times as high as the same period of the prior year. The group’s passenger load factor came in at 79 per cent for the 3-month period – up 34.1 percentage points quarter on quarter and 64.2 percentage points higher year on year.

SIA added that its forward sales for the 3 months to October 2022 have been robust, and that it expects demand to remain steady into the year-end holiday travel period.