EarningsQ2 2025 Earnings Report

SIA - Singapore Airlines (SINGF) Q2 2025 Earnings Report

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Previous Report: Q1 2025

Next Report: Q3 2025

SINGF Q2 2025 EPS Results

Actual EPS$0.08

Consensus EPS$0.14

Beat/MissMissed by -$0.06

One Year Ago EPS$0.18

SINGF Q2 2025 Revenue Results

Actual Revenue$7.48B

Expected Revenue$3.74B

Beat/MissBeat by +$3.74B

YoY Revenue Growth+3.66%

Earnings Announcement Details

QuarterQ2 2025

Date11/08/2024

TimeBefore Open

Conference CallFriday, November 8, 2024

SINGF Upcoming Earnings

SIA - Singapore Airlines's next earnings date is estimated for November 11, 2026, based on past reporting schedules.

Q2 2025 Earnings Call Audio

SINGF Q2 2025 Earnings Call

0:00 / 0:00

Q2 2025 Earnings Slide Deck

Q2 2025 Earnings Call Summary

Q2 2025

Earnings Call Date:Nov 08, 2024|

% Change Since:

Earnings Call Sentiment|Neutral

The earnings call highlighted revenue growth and strategic expansions, but was overshadowed by significant declines in operating profit and passenger yields, alongside rising costs and delivery delays. The airline is focusing on growth and strategic partnerships to mitigate these challenges.

Company Guidance

During the Q2 2025 earnings call for Singapore Airlines (C6L.SI), the company reported a first-half operating profit of $796 million, marking a 49% decline from the previous year, yet maintaining an operating profit margin of 8.4%. Revenue increased by 3.7% year-on-year to $9.5 billion, driven by higher passenger traffic and cargo loads. Passenger capacity grew by 11%, while cargo capacity rose by 10.2%, resulting in an overall capacity increase of 10.6%. Despite increased revenue, expenditures surged by 14% year-on-year to $8.7 billion, influenced by a 20% rise in net fuel costs and a 12.1% increase in non-fuel costs, attributed to higher capacity and inflationary pressures. The company announced an interim dividend of 10%, aligning with the previous year. Passenger load factor (PLF) was reported at 86.4%, and unit revenue (RASK) at $0.88, both lower year-on-year but significantly above pre-COVID levels. The company continues to face challenges from increased competition and yield moderation but remains focused on strategic initiatives, including expanding its network and enhancing product offerings, with a focus on growth opportunities in Southeast Asia and India.

Revenue Growth

Revenue for the first half came in at $9.5 billion, up 3.7% year-on-year, driven by higher passenger traffic and strong e-commerce demand in the cargo segment.

Cargo Segment Performance

Cargo loads are up 20% relative to a capacity increase of 10.2%, with load factors increasing by 4.7 percentage points.

Strategic Initiatives

New flights announced for both SIA and Scoot, with investments in new products and partnerships, including the Air India-Vistara merger.

KrisFlyer Membership Growth

KrisFlyer membership reached 9.4 million, more than double pre-COVID levels.

Expanding Network

Scoot taking delivery of new aircraft, expanding its footprint in Southeast Asia, and new collaborations with Air India and Garuda.

SINGF Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change
Nov 11, 2026	2027 (Q2)	0.07 / -	0.013	―
Jul 28, 2026	2027 (Q1)	-0.03 / -0.02	0.05	-138.10% (-0.07)
May 14, 2026	2026 (Q4)	0.10 / 0.11	0.11	-1.43% (>-0.01)
Feb 24, 2026	2026 (Q3)	0.10 / 0.13	0.408	-68.92% (-0.28)
Nov 14, 2025	2026 (Q2)	0.05 / 0.01	0.078	-82.83% (-0.06)
Jul 28, 2025	2026 (Q1)	0.12 / 0.05	0.098	-49.19% (-0.05)
May 15, 2025	2025 (Q4)	0.11 / 0.11	0.149	-25.93% (-0.04)
Feb 20, 2025	2025 (Q3)	0.16 / 0.41	0.174	134.39% (+0.23)
Nov 08, 2024	2025 (Q2)	0.14 / 0.08	0.179	-56.58% (-0.10)
Jul 31, 2024	2025 (Q1)	0.13 / 0.10	0.11	-11.43% (-0.01)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed