Singapore, February 9, 2026, 15:26 (SGT) — Regular session
- Shares of Singapore Airlines edged up roughly 1.3% during the afternoon session.
- Crude oil dropped as U.S.-Iran negotiations resurfaced—airline fuel costs can hinge on moves like this.
- Eyes are on the carrier’s third-quarter business update, set for Feb 24.
Shares of Singapore Airlines Ltd climbed 1.34% to S$6.79 on Monday afternoon, buoyed as oil prices slipped—giving airlines some relief on fuel costs.
Fuel costs make up a significant chunk of expenses for airlines, so even minor fluctuations in crude prices can quickly alter margin outlooks—especially with earnings reports on the horizon. Singapore Airlines is set to release its third-quarter business update on Feb. 24.
The Straits Times Index advanced 0.57%, with local cyclicals drawing support.
Asian shares surged, with Japan’s Nikkei out front following an election outcome that reignited hopes for fiscal stimulus. Investors also tried to gauge the likelihood of a U.S. rate cut by June.
Singapore Airlines finished the prior session at S$6.70. Shares shifted between S$6.71 and S$6.80 during the day, Investing.com data showed.
Brent crude slipped 1% to $67.38 a barrel by 0444 GMT, according to Reuters, as signs of ongoing dialogue between Washington and Tehran cooled immediate supply worries. “With more talks on the horizon the immediate fear of supply disruptions … has eased quite a bit,” said Tony Sycamore, analyst at IG. But Phillip Nova’s Priyanka Sachdeva flagged that “any negative headlines could quickly reignite risk premiums” in oil prices. reuters.com
For Singapore Airlines, it’s pretty direct in the short run: a drop in oil prices could lower jet fuel expenses, but the timing hinges on when they purchase fuel and how their hedges are set.
Next up: the Feb. 24 release, slated for after the bell, according to the company. Investors are set to scan for any signals on demand and pricing shifts, plus check if costs are tracking alongside capacity.
Singapore Airlines runs a full-service network under its flagship brand, while its budget arm, Scoot, lets the carrier tap into both premium and price-driven travel segments.
Still, it’s not a one-way street. Oil is headline-driven, and any snapback in crude prices—or a fresh spell of volatility—can swiftly undercut bullish sentiment on airline costs, regardless of steady passenger numbers.
