The economic fallout of the COVID-19 pandemic continues, with the Singapore Airlines Group’s First Half 2020/21 report showing passenger traffic (measured in revenue passenger-kilometres) falling by 98.9% amid tight global border controls and travel restrictions.
Group revenue declined $6,691 million (-80.4%) year-on-year to $1,634 million in the first half of the financial year. Passenger flown revenue fell sharply as Singapore Airlines, SilkAir and Scoot were severely impacted by restrictions on international travel. This was partially offset by stronger cargo flown revenue (up $274 million, or +28.3%) as countries sought to restore global supply chains. SIA responded to the demand by maximising freighter utilisation and deploying passenger aircraft on cargo missions.
