Singapore Airlines Posts Record Profit, Expects Robust Travel Demand in 2023

(Straits Times) — The rolling good times are back for Singapore Airlines (SIA).

A week after announcing it would be redeeming half of its outstanding mandatory convertible bonds (MCBs), and a day after posting strong monthly passenger numbers, the airline unveiled record revenue and profit numbers for the 2022/23 financial year.

The company posted net profit of S$2.16 billion ($1.62 billion) for the year ended March 31, rebounding from a loss of S$962 million a year earlier.