SIA Group closes HI of FY22-23 with highest profit in Group’s history

Singapore Airlines Group, which includes Singapore Airlines (SIA) and Scoot, posted the highest-ever half-year operating profit of $876.1 million and a net profit of $927 million. The Group reported an increase of 12% in the cargo revenue reaching up to $1.49bn and the total group revenue was $5,975bn. SIA was quick to undertake various initiatives like proactive fundraising, talent retention, and resource deployment in preparation for the recovery of air travel, which put the Group in a strong position to capture the pent-up demand. Singapore Airlines and Scoot were among the first carriers to launch flights and start sales, with