Singapore Airline Group reports highest quarterly profit at $563 million

Singapore Airlines Group (SIA Group) reported its highest ever quarterly operating profit and a record nine-month operating and net profit as travel demand continues to soar across its network. Additionally, the airline also reported a record high passenger load factor and witnessed a strong momentum in forward passenger sales for the fourth quarter. For the third quarter (Q3) of FY22-23, the SIA Group’s total revenue increased by 8.0% to $3.62 billion compared to $3.35 billion in the previous quarter. The airline reported a dip in the total expenditure by 7.4% to $3.05 billion from $2.84 billion in the preceding quarter.