Singapore Airlines Limited (SGX: C6L), or SIA, is seeing a surge in demand for air travel as borders reopen.
It’s music to the ears of investors as passenger movement at Changi Airport rose to close to 40% of pre-pandemic levels at the end of April.
This level was more than double the 18% recorded just a month before.
Over at SIA, the number of passengers carried for April surged to 1.45 million, up more than 13-fold year on year.
For the January to April period, the total number of passengers carried was 3.4 million, more than nine-fold the 356,500 in the same period last year.
These numbers are also showing up in the airline’s results.
For its latest fiscal 2022 (FY2022) earnings, the carrier managed to eke out a small S$9.7 million operating profit for its FY2022’s second half (2H2022).
Here are seven other highlights from SIA’s earnings that investors should take note....