Singapore Airlines stock slips again as oil firms; Feb 24 update looms

10 January 2026

Singapore, Jan 10, 2026, 15:22 SGT — Market closed

Shares ended down 0.46% on Friday, underperforming Singapore’s benchmark index
Oil settled higher, putting airline fuel costs back on the radar
Traders are lining up the next company update in late February

Singapore Airlines Ltd shares slipped 0.46% on Friday to end at S$6.43, extending a mild two-session slide into the weekend. The SGX-listed stock traded between S$6.42 and S$6.47, with about 4.25 million shares changing hands.

That move matters now because crude has jumped again, which can bleed into jet fuel costs and pressure airline margins if fares lag. Brent settled at $63.34 a barrel on Friday, while markets also focused on a U.S. Supreme Court tariff ruling due on Jan. 14 that traders see as a potential volatility trigger.

Investors have leaned on monthly operating statistics for a read on demand across Singapore Airlines and its budget arm Scoot. The latest operating statistics posted on the group’s investor relations site run through November, before the year-end holiday travel period.

On the chart, the stock has been stuck in a tight band this week, with Friday’s S$6.42 low the nearest support and the week’s S$6.49 high the first resistance. Shares closed at S$6.46 on Thursday before easing again on Friday.

Fuel-market signals are not clean either. A Reuters analysis of derivatives pricing showed the premium for prompt U.S. West Coast jet fuel to Asia has widened to its biggest in nearly two years, and “weak demand for jet fuel in China has added to the downward pressure on Asia’s prices,” said Matias Togni, an analyst at NextBarrel. Reuters

Singapore stocks ended slightly higher on Friday, with the Straits Times Index up 0.1% at 4,744.66, leaving Singapore Airlines among the laggards into the close.

But the downside case is easy to sketch: if oil keeps climbing, airlines face a tougher cost backdrop just as fare competition bites. Any wobble in long-haul demand would show up fast in yields, even if planes stay full.

Singapore Airlines is scheduled to publish its FY2025/26 third-quarter business update on Feb. 24, the next clear checkpoint for guidance on demand, yields and costs. Before then, the stock’s next push may come from where it has lately — oil and jet fuel pricing — when Singapore trading resumes next week.

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Shan Ahmed Khan is a senior markets reporter at TS2.tech. His coverage ranges from stocks and technology to economic developments across global markets. He worked in investment research and market analysis before becoming a financial journalist and is a graduate of the Lahore University of Management Sciences (LUMS).

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