SIA proposes a significant dividend payout for its 80th birthday anniversary. Singapore Airlines (SIA) has announced the cancellation of a proposal to pay out a special dividend for its 80th birthday celebration. Investors have been informed that final decisions regarding dividends will be made by the group's board of directors, but no decision has yet been made on the possibility of a special dividend payment.

The company opted instead for an ordinary dividend payment of S$0.02 per share and a special dividend payment of S$0.05 per share for the first half of the current year. This approach was highlighted as a way to maintain transparency regarding its dividend payment objectives.

Goh Choon Phong, CEO of the company, responded to a question from a board member when asked if it was possible to celebrate the birthday with a special dividend payment. He replied with a smile: 'We never discuss significant revelations until then.' Therefore, one must wait for further communications to know if such a payment is possible in the future. In addition, SIA has stated that it remains prepared to follow the new Singapore Stock Exchange (SGX RegCo) market regulation, which requires a certain consistency in dividend payments. The company has stated that it does not have an active dividend payment system, but has promised to follow the SGX RegCo regulations.

In the second quarter, the company registered a significant increase in cargo volume, with a 26.9% increase compared to the first two months of the previous year. The cargo volume exceeded 1 billion tons, while service performance has improved with a 3.9% increase compared to the previous year. The financial result has been positive thanks to the growth in cargo volume and better passenger performance, which contributed to a 15% increase in fare revenue and a 22.3% reduction in transportation expenses.