The Singapore Airlines (SIA) Group has reported a 9.7% jump in cargo revenue to $54 million for Q3 FY2024/2025, fuelled by surging e-commerce shipments, increased freighter charters, and higher perishables traffic.
Cargo volumes rose 14.6%, outpacing a 12.8% increase in capacity, while load factor edged up to 56.4%. However, yields dipped 4.5% amid intensifying competition.
SIA’s cargo network now spans 133 destinations across 37 countries, supported by a fleet of seven freighters and extensive belly-hold capacity.
While demand for e-commerce and perishables remains strong, the airline expects further yield pressure as passenger flights continue to expand belly-hold cargo space.
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