Key facts
- Net profit of S$134 million compared with S$239 million in the same period a year earlier.
- Analysts polled by Visible Alpha had expected a lower profit of S$65.3 million.
- Average jet fuel prices rose 86.7% year-on-year to US$171 per barrel, the airline said.
- Singapore Airlines' share of Air India's losses fell to S$361.7 million from S$429.5 million.
- The airline said results were also affected by weaker performance in the first quarter.
Singapore Airlines said on November 11, 2026 that net profit for the April-September period fell 43.9% from a year earlier to S$134 million ($104 million), as higher jet fuel costs outweighed growth in passenger traffic and revenue.
Revenue for the first half rose 16.8% to S$11.30 billion, while total costs rose more than 20% to S$10.73 billion. Fuel costs before hedging increased by more than 90%, with average jet fuel prices rising 86.7% year-on-year to US$171 per barrel, the airline said. The carrier said its results were also affected by weaker performance in the first quarter.
Analysts polled by Visible Alpha had expected a lower profit of S$65.3 million, according to the Economic Times report.
Singapore Airlines' share of losses at Air India fell to S$361.7 million from S$429.5 million a year earlier, and losses from other associates also narrowed, the report said. The airline said Air India had made tangible progress in its multi-year transformation while cautioning that the turnaround would take time. "SIA, and its partner, Tata Sons, recognise that a transformation of this scale will take time," the airline said in a release cited by the Economic Times.