Singapore Airlines Posts 57% Drop in Annual Profit, Flags Surging Fuel Costs
The carrier said Air India losses and higher jet fuel costs will keep weighing on earnings, even as record revenue and operating profit supported dividends.
- On Thursday, May 14, 2026, Singapore Airlines reported a 57.4 per cent drop in full-year net profit to $1.2 billion, primarily reflecting the absence of a prior-year $1.1 billion accounting gain from the Air India-Vistara merger.
- Air India posted a $2.8 billion loss, marking the first full year SIA absorbed the carrier's financial results, with the 25.1 per cent stake contributing a $743 million hit to SIA's bottom line.
- Jet fuel prices remain the group's "single-largest expenditure item," and adjustments to air fares across the network did not fully offset the rise in fuel costs, SIA said.
- Despite financial headwinds, SIA remains committed to its 25.1 per cent stake in Air India, calling it a "core component of its long-term multi-hub strategy" while expanding London Gatwick services.
- The full impact of fuel cost surges is expected to feed through in the next year, as the group continues working with Tata Sons to support Air India's transformation program.
22 Articles
22 Articles
Singapore Airlines Ltd. posted a steep drop in annual net profit as widening losses at Air India weighed on results, and flagged a cautious outlook that factors in risks from the Iran war.
Singapore Airlines Faces Profit Decline Amid Air India Challenges
Singapore Airlines Group reported a 57.4% decline in net profit to SGD 1.184 billion for the fiscal year 2025-26, primarily due to previous accounting gains and losses from Air India. Despite facing challenges, the Group remains committed to its long-term strategy, including its significant investment in the Air India Group.
Singapore Airlines flags surging fuel costs; annual profit halves on one-offs
SINGAPORE — Singapore Airlines warned on Thursday that surging fuel costs due to the US-Iran conflict were still "filtering through" and would weigh more heavily in the year ahead, even as it reported a smaller-than-expected 57.4% drop in annual profit.
Singapore Airlines posts 57pct drop in annual profit, flags surging fuel costs
SINGAPORE: Singapore Airlines posted a 57.4 per cent drop in full-year net profit on Thursday, warning that higher fuel costs were still filtering through and would weigh more fully in the year ahead.
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