SIA's revenue tripled to S$3.9 billion in the three months to June 30 and its quarterly operating profit of S$556 million was the second highest in the company's history. The airline has been ramping up capacity from its Singapore hub and expects to reach about 81% of pre-pandemic levels by the end of December, up from 61% in the June quarter. "Travel demand is expected to remain robust in the near term as we head into the year-end holiday travel period, with forward sales staying buoyant for the next three months up to October 2022," SIA said in a statement.
SIA said it would increase services across Japan and expects to operate there at 62% of its pre-COVID operating capacity by October-end. SIA had in May forecast a recovery in passenger capacity after Singapore lifted all daily arrival quotas and allowed fully-vaccinated travellers to enter the country without the need to quarantine or take an on-arrival test for COVID-19.
Last month, Boeing confirmed a delay to 2025 in handing customers the first 777X jet from a prior target of late in 2023, but said it retained confidence in the programme. Before the delays, SIA had expected to receive by the end of 2023 the first of the 31 777X planes it has on order, Chief Executive Goh Choon Phong told analysts and media.