SINGAPORE, Jan 26, 2026, 15:31 SGT — Regular session
Singapore Airlines Ltd shares rose 0.16% to S$6.43 by 3:14 p.m. in Singapore, after closing at S$6.42 on Friday. The stock traded between S$6.41 and S$6.45 on the day. (Stockanalysis)
The move was small, but it lands at the start of a week in which investors are again weighing operational disruptions against the steadier parts of the airline story: demand, fares and costs.
For airlines, the swing factor is often not revenue but friction. Route diversions, weather knock-ons and fuel prices can all raise costs quickly, even when planes are full.
Singapore stocks were softer. The Straits Times Index was down 0.55%, while Brent crude futures were up about 0.4% near $65 a barrel — a reminder that fuel remains a direct input cost for carriers. (Investing)
Over the weekend, Singapore Airlines and its budget unit Scoot avoided Iraqi and Red Sea airspace as a precaution amid U.S.-Iran tensions, an SIA Group spokesperson said. The spokesperson said the change had “no significant impact” on operations and that the group would keep monitoring the situation and adjust flight paths as needed. (Com)
Separately, the airline cancelled a number of services to and from New York due to a U.S. snowstorm and warned other flights could be affected as conditions remained fluid. Customers hit by cancellations would be rebooked on alternative flights or could seek a full refund for the unused portion of their ticket, the carrier said in an advisory carried by local media. (Com)
On the balance sheet, the airline last week launched and priced S$500 million of 2.70% fixed-rate notes — bonds — due 2036, according to a filing. The notes are expected to be issued on Jan. 30, and the company said net proceeds would go to aircraft purchases and related payments and general corporate or working capital purposes, including refinancing. (Sgx)
But the near-term risk skew is obvious: wider Middle East disruption could force longer diversions and heavier costs, while more weather-related cancellations can bleed revenue on premium long-haul routes. A sharper move up in oil would tighten the margin screw.
Investors in Singapore are also looking to Thursday’s Monetary Authority of Singapore policy review, where a Reuters poll showed 15 of 16 economists expect no change. Even without a move, the statement can sway the Singapore dollar — and that matters for travel flows and cost lines across the sector. (Reuters)
For Singapore Airlines, the next company-specific checkpoint is its third-quarter business update on Feb. 24. Traders will be looking for signals on fares, costs and whether recent disruptions show up in forward bookings or operational guidance. (Singaporeair)
