Singapore Airlines Faces Higher Costs on Air India Deal Amid Fuel Risk
Singapore Airlines’ net profit dropped 57% to S$1.18 billion despite record revenue, hit by Air India losses and the absence of a S$1.1 billion gain from the prior year. The airline warned higher jet fuel costs will impact results in FY2026/27. SIA’s share of Air India’s losses reached S$945 million. Management plans to add capacity on selected routes while some rivals reduce flights.