Singapore Airlines experienced a 4.4% rise in cargo revenue, totaling $2.2 billion for the year ending March 31, 2025, driven by high e-commerce and perishables demand amid sea freight disruptions. The cargo load factor increased to 56.1%, while yields fell by 7.8% due to competition. Cargo and mail volume grew by 16% to 1.1 million tonnes, with capacity up 10.1%. The total revenue rose 2.8% to $19.5 billion, and net profit increased by 3.9% to $2.8 billion, aided by a $1.1 billion accounting gain from the Air India-Vistara merger.

Source: https://www.stattimes.com/air-cargo/singapore-airlines-fy2025-cargo-revenue-up-4-on-strong-demand-1355321