SINGAPORE, Jan 18, 2026, 15:33 (SGT) — The market has closed.
- Singapore Airlines shares ended Friday at S$6.35, slipping 0.16%.
- The carrier and Air India have inked a framework to enhance commercial cooperation, pending necessary approvals.
- Attention now turns to the follow-up disclosures and SIA’s business update scheduled for Feb. 24.
Shares of Singapore Airlines Ltd (SGX:C6L) ended Friday at S$6.35, slipping 0.16%. The market remains closed Sunday. (Investing)
The stock’s next direction might depend less on daily trading and more on whether a new partnership with Air India solidifies. Investors are keen to see if the airlines can expand their reach in India-Singapore travel and tap into higher-yield corporate customers without running afoul of regulations.
On Jan. 16 in Mumbai, Air India and Singapore Airlines inked a commercial cooperation framework that could pave the way for joint business agreements, allowing tighter coordination on schedules and fares—once regulators give the green light. The carriers already codeshare across 61 destinations in 20 countries and territories. Air India CEO Campbell Wilson described the deal as “a clear and structured platform” for deeper collaboration, while SIA CEO Goh Choon Phong called it “a natural evolution” of their partnership. (Air India)
Shareholders want to know how quickly this shifts from general talk to detailed route-by-route strategies, and who ends up controlling the corporate accounts. Large partnerships might boost load factors and pricing power, but they often take months to finalize.
Fuel remains a key focus for traders, with jet fuel typically the largest expense for airlines. Brent crude hovered near $64 a barrel on Friday, following a sharp decline the previous day. If prices stay here, it could relieve some cost pressures. (CME Group)
However, the Air India framework isn’t set in stone yet; regulators across several markets still need to approve any joint business plan. Oil prices can shift rapidly, and a sudden jump would immediately push costs higher.
Trading in Singapore picks up again Monday as investors eye any updates on timelines, route overlaps, or commercial terms. The finer points — like schedule coordination and loyalty perks — might move sentiment more than the big announcements.
Beyond the merger news, shares will still move on the usual airline factors: premium-cabin demand, cargo pricing, and currency fluctuations. Those elements often overshadow any partnership headlines pretty quickly.
February 24 is the next key date, as Singapore Airlines plans to release its fiscal third-quarter update. Investors will be watching closely for signals on yields, costs, and any developments regarding the Air India discussions. (Singapore Airlines)
