Singapore Airlines Group revenue up 73% in H1FY2022

11 November, 2021

Singapore Airlines Group reported (11-Nov-2021) the following financial highlights:

  • Three months ended 30-Sep-2021:
    • Total revenue: SGD1533million (USD1.1 billion), +95.5% year-on-year;
    • Total costs: SGD1878 million (USD1.4 billion), +16.6%;
    • Operating profit (loss): (SGD345 million) (USD255.1 million), compared to a loss of SGD826.1 million in p-c-p;
    • Net profit (loss): (SGD427.6 million) (USD316.2 million), compared to a loss of SGD2435 million in p-c-p;
    • Passenger yield: SGD 16.4 cents (USD 12.13 cents), -8.4%;
      • Full service carrier (SIA & SilkAir): SGD 14.4 cents (USD 10.65 cents), -12.7%;
      • LCC (Scoot): SGD 43.3 cents (USD 32.02 cents), +20.6%:
    • Revenue per ASK: SGD 2.9 cents (USD 2.14 cents), -14.7%;
      • Full service carrier (SIA & SilkAir): SGD 2.7 cents (USD 2.00 cents), -15.6%;
      • LCC (Scoot): SGD 3.5 cents (USD 2.59 cents), -28.6%;
    • Passenger unit cost (CASK):
      • Full service carrier (SIA & SilkAir): SGD 7.8 cents (USD 5.77 cents), -53.6%;
      • LCC (Scoot): SGD 8.0 cents (USD 5.92 cents), -74.2%;
    • CASK excludes fuel:
      • Full service carrier (SIA & SilkAir): SGD 5.6 cents (USD 4.14 cents), -61.4%;
      • LCC (Scoot): SGD 6.7 cents (USD 4.95 cents), -77.9%;
    • Cargo yield: SGD 67.1 cents (USD 49.62 cents), +10.9%;
    • Cargo unit cost: SGD 28.0 cents (USD 20.70 cents), -20.2%;
  • Six months ended 30-Sep-2021:
    • Total revenue: SGD2827 million (USD2.1 billion), +73.0%;
    • Total costs: SGD3446 million (USD2.6 billion), -1.5%;
      • Fuel: SGD810 million (USD603.3 million), +115.4%;
      • Non-fuel: SGD2715 million (USD2.0 billion), +6.1%;
    • Operating profit (loss): (SGD619.4 million) (USD461.4 million), compared to a loss of SGD1863 million in p-c-p;
    • Net profit (loss): (SGD836.8 million) (USD623.3 million), compared to a loss of SGD3467 million in p-c-p;
    • Passenger yield: SGD 16.7 cents (USD 12.44 cents), -11.2%;
      • Full service carrier (SIA & SilkAir): SGD 15.8 cents (USD 11.77 cents), -9.2%;
      • LCC (Scoot): SGD 28.2 cents (USD 21.00 cents), -28.4%;
    • Revenue per ASK: SGD 2.7 cents (USD 2.01 cents), -10.0%;
      • Full service carrier (SIA & SilkAir): SGD 2.8 cents (USD 2.09 cents), -3.4%;
      • LCC (Scoot): SGD 2.4 cents (USD 1.79 cents), -42.9%;
    • Passenger unit cost (CASK):
      • Full service carrier (SIA & SilkAir): SGD 7.6 cents (USD 5.66 cents), -64.2%;
      • LCC (Scoot): SGD 8.0 cents (USD 5.96 cents), -78.3%;
    • CASK excludes fuel:
      • Full service carrier (SIA & SilkAir): SGD 5.5 cents (USD 4.10 cents), -71.2%;
      • LCC (Scoot): SGD 6.8 cents (USD 5.06 cents), -80.7%;
    • Cargo yield: SGD 65.5 cents (USD 48.79 cents), -6.4%;
    • Cargo unit cost: SGD 28.3 cents (USD 21.08 cents), -15.8%;
    • Total assets: SGD44,367 million (USD33.1 billion);
      • Cash and bank balances: SGD12,530 million (USD9.3 billion);
    • Total liabilities: SGD22,032 million (USD16.4 billion). [more - original PR]

*Based on the average conversion rate at SGD1 = USD0.73946 for the three months ended 30-Sep-2021
*Based on the average conversion rate at SGD1 = USD0.74483 for the six months ended 30-Sep-2021