SIA reports 3QFY2023 earnings of $628 million, up 12.7% y-o-y

As travel recovery continues, Singapore Airlines (SIA) C6L 0.00% has again reported better earnings. For its 3QFY2023, the airline reported earnings of $628 million, up 12.7% y-o-y. Revenue in the same period was up 8% to $4.85 billion.

For the nine months ended Dec 2022, the airline reported earnings of $1.56 billion, versus a loss of $752 million. Revenue, meanwhile, reached $13.26 billion, up 157.9% y-o-y.

The airline has been steadily reinstating popular routes to China and India, as well as increasing frequency to the likes of Hong Kong, Seoul, Taipei and various other points in Japan.

As of Dec 31 2022, SIA as a group covered 111 passenger destinations in 36 countries, while its cargo network covers 116 destinations in 38 countries.