SIA Net Profit Falls 57% Despite Record Operating Gain

Singapore Airlines (SIA) Group reported a 57.4% year-on-year drop in net profit to $1.18 billion for the financial year ended March 31, 2026, mainly due to the absence of a one-off accounting gain and losses from Air India.

Despite this, operating profit surged 39% to $2.38 billion, driven by stronger passenger demand, higher yields, and lower net fuel costs. Revenue rose 5% to $20.52 billion, while expenditure increased 1.8% to $18.15 billion. The group carried a record 42.4 million passengers, with load factor improving to 87.7%.

Net Profit

Cargo revenue fell 2.1% as lower yields offset higher volumes. Equity stood at $17.3 billion, while debt fell $2.3 billion, reducing the debt-to-equity ratio. SIA operated 218 aircraft and adjusted routes across Asia and Europe, suspending Dubai and Jeddah services due to geopolitical tensions. The airline proposed a dividend of 37 cents per share, subject to shareholder approval.

#sgbusiness