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 Group announced a significant drop in net profit, reporting a 57.4% decline to SGD 1.184 billion for the fiscal year ending March 2026. This reduction is attributed primarily to the absence of a substantial accounting gain from the prior year and mounting losses from Air India.

The Group had previously registered a remarkable profit of SGD 2.778 billion during the 2024-25 fiscal year, thanks to a one-time accounting gain linked to the Vistara merger with Air India. SIA reaffirms its commitment to its strategic 25.1% stake in Air India, recognizing it as a pivotal component of its multi-hub growth strategy.

Air India continues to navigate financial challenges posed by airspace restrictions and rising jet fuel prices, prompting the airline to cut international flights. Despite these hurdles, Singapore Airlines remains optimistic about Air India’s ongoing fleet renewal and customer experience enhancement initiatives.