Singapore Airlines has just reported its results for the 2024-2025 financial year, and they’re good, though the airline notes the uncertainty that the current environment is causing. Employees are also being rewarded with huge bonuses.
Continue reading: Singapore Airlines Reports Strong Profits, Big Bonuses, Uncertainty
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Nobody who has enjoyed an SQ flight should not be surprised at reading Ben’s article. Thank you Ben.
"one-off non-cash accounting gain"
Far from some great success then. The bonus is big, but an accounting gain isn't at all impressive. Any business owner can create an accounting gain
Congrats to SQ's employees.
While I think it's soft product is dated and needs an overhaul, its cabin crew provide excellent service onboard consistently.
Nice to see an airline that takes care of employees, loyalty members, and general passengers. I wish we had such visionary leadership in the U.S. airline industry but the heads of our airlines are generally trying to find ways to put the squeeze on employees, customers, or both rather than increasing business by building a great company that people want to fly.
I’m glad you reported the facts without fear Ben.
The SQ media machine heavily pressures the media outlets to only report on the positives of the result, which is why you see headlines trumpeting this is a record profit.
It’s far from it and SQ’s operating profit is actually down 37% despite most of its competitors reporting double digit increases and in Emirates’ case, a world record.
The lustre of SQ is all extinguished as it falls further and further behind the top-tier competition.
SQ Sceptic, speaking from many years experience of bi-annual SQ flights, one can attest to the lack of SQ lustre degradation. We will soon see, when on the 17th of June, the 2025 World Rankings are announced, which of us is correct, yes?
Hmm so The best Airlines share their profits heavily with their employees. Wonder if that's a coincidence...