Singapore, Feb 4, 2026, 14:51 SGT — Regular session.
- Shares of Singapore Airlines climbed 2%, reaching S$6.61 in afternoon trading.
- Starting in June, the carrier intends to operate non-stop Singapore–Riyadh flights four times a week, pending regulatory approval.
- Singapore plans to trial a national sustainable aviation fuel procurement system, with SIA joining eight other participants.
Singapore Airlines shares gained 2%, reaching S$6.61 by 2:27 p.m. in Singapore. Roughly 8.2 million shares changed hands, with prices swinging between S$6.46 and S$6.69 during the day. The Straits Times index edged up around 0.1%. 1
The stock’s move shifts focus to the core drivers for airlines: routes, fuel, and capacity. Singapore Airlines grabbed headlines this week, unveiling a new Middle East route and stepping into a regional effort to promote greener jet fuel.
The Singapore Airshow is drawing airline leaders and aircraft manufacturers together to discuss growth amid ongoing bottlenecks. Over 1,000 companies are participating in the biennial event. Asia-Pacific passenger traffic is forecast to rise 7.3% in 2026, despite supply chain issues delaying plane deliveries, Reuters reported. 2
Singapore Airlines announced on Monday it plans to start four weekly non-stop flights between Singapore and Riyadh in June. The route will use the Airbus A350-900, fitted with 303 seats. Chief Commercial Officer Lee Lik Hsin highlighted the decision comes as Riyadh experiences a “thriving business environment and ambitious development.” 3
Aviation data site AeroRoutes noted that the Singapore–Riyadh route hadn’t been served since August 2014. 4
Singapore plans to run its inaugural test of the national sustainable aviation fuel procurement system this year, involving nine companies, according to Business Times. The Civil Aviation Authority of Singapore and the Singapore Sustainable Aviation Fuel Company inked a memorandum of understanding at the Changi Aviation Summit on Feb. 2. Notably, Singapore Airlines and Scoot are part of the initiative. 5
Sustainable aviation fuel, or SAF, offers a lower-carbon option compared to traditional jet fuel, but it remains scarce and generally more expensive. IATA director general Willie Walsh pointed to shortages of efficient new planes and SAF as key factors pushing up costs. He warned that reaching net zero emissions by 2050 is “definitely becoming more challenging.” 6
Maintenance and parts supply remain a bottleneck. RTX’s Collins Aerospace has extended its FlightSense maintenance services deal with Singapore Airlines for the airline’s Boeing 777 fleet. The new agreement adds five years and now covers 27 aircraft, including five 777 freighters. Collins executive Ryan Hudson emphasized their focus on “trust, innovation, and reliability.” 7
Investors are focused on whether network expansion can sustain passenger yields while costs remain stubborn. Fuel prices and currency fluctuations continue to pose significant risks for a long-haul carrier.
But clear risks remain. The Riyadh launch hinges on regulatory green lights, while supply-chain hold-ups could force older planes and engines to stay active longer, driving up maintenance expenses and throwing emissions targets off track.
Singapore Airlines plans to release its third-quarter FY2025/26 business update on Tuesday, Feb. 24, after the market closes, according to an SGX filing. Investors will focus on any indications of capacity, demand, and costs as the northern summer travel season approaches. 8
