Singapore Airlines (SIA) Group’s March 2025 operating results reveal a mixed performance, with a slight decline in passenger traffic and an increase in cargo carriage. The group’s passenger traffic fell by 0.8% compared to the previous year, attributed partly to the shift of the Easter holiday from March in 2024 to April in 2025. Despite this, passenger capacity rose by 2.7%, with the passenger load factor (PLF) at 84.7%, a decrease of 3 percentage points year-on-year.
The SIA Group, comprising Singapore Airlines and its low-cost subsidiary Scoot, carried a total of 3.3 million passengers in March 2025, marking a 0.8% increase from the previous year. Singapore Airlines recorded a PLF of 84.1%, whilst Scoot achieved a higher PLF of 87.2%. However, Scoot’s decision to suspend services to Berlin as part of a network review was noted during the month.
On the cargo front, the SIA Group experienced a 7.6% year-on-year increase in cargo carriage, driven by front-loading in anticipation of global trade uncertainties. This was particularly evident in the East Asia region, where load factors rose by 4.4 percentage points. However, weaker demand in the Americas and Europe limited the overall cargo load increase to 2.0%, below the 7.7% rise in capacity, resulting in a cargo load factor drop of 3.1 percentage points to 56.9%.
By the end of March 2025, the SIA Group’s passenger network spanned 128 destinations across 36 countries and territories, with Singapore Airlines serving 79 destinations and Scoot 71. The cargo network covered 132 destinations in 37 countries and territories.
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