SIA Group Flies Record 42.4 Million Passengers in FY2025/26; March Traffic up 14.7%

Why It Matters

The surge signals robust post‑pandemic demand and strengthens SIA’s competitive edge in premium and low‑cost segments, while the high load factor underscores efficient capacity utilization amid geopolitical disruptions.

Key Takeaways

• Record 42.4 million passengers in FY2025/26
• March traffic rose 14.7% YoY, reaching 3.8 million
• Load factor hit 90.6%, highest in group history
• Scoot added Tokyo Haneda route, expanding network
• Cargo load factor improved to 59% despite capacity dip

Pulse Analysis

SIA Group’s latest passenger figures illustrate how the airline is capitalising on a rebound in global travel demand. After years of pandemic‑induced volatility, the carrier has not only reclaimed but exceeded pre‑COVID volumes, driven by leisure spikes around the Easter holiday and a spill‑over effect from constrained Middle‑East hubs. 6% reflects disciplined scheduling and effective yield management.

7% load factor shows the low‑cost arm’s resilience. 4% volume increase and a 59% load factor, suggesting that ancillary revenue streams are stabilising even as freight capacity contracts.

\n\nLooking ahead, the launch of Scoot’s Tokyo Haneda service expands the group’s footprint in a high‑traffic Asian corridor, positioning it to capture demand from both business and leisure travelers. With a network now covering 134 destinations across 35 countries, SIA can leverage its hub advantage to funnel traffic through Singapore, offsetting regional disruptions. The sustained high load factor and expanding route map signal that the airline is well‑placed to maintain momentum, attract premium yield, and compete aggressively against both legacy carriers and emerging low‑cost rivals.