Singapore Airlines Posts Higher Revenue, Lower Net Profit
By Kimberley Kao
Singapore Airlines posted record quarterly revenue, driven by strong demand, but its net profit more than halved due to the absence of one-off gains.
The Singapore carrier said Tuesday that net profit for its fiscal third quarter fell 69% to 504.6 million Singapore dollars, equivalent to US$398.5 million. Its bottom line in the previous year benefited from a S$1.10 billion noncash accounting gain resulting from the disposal of its stake in Vistara following the Indian airline's merger with Air India.
Revenue rose 5.5% from a year earlier to S$5.51 billion, buoyed by strong demand and strong yields, the carrier said.
SIA and its low-cost carrier Scoot carried 10.9 million passengers in the three months ended December, up 6.3% from a year ago.
Operating profit rose 26% to S$791.9 million, which the airline attributed to revenue growth and disciplined cost management.
The share of losses from associates rose as SIA recognized a full-quarter share of losses from Air India in the latest quarter, it said.
Net fuel costs rose 3.7% on higher fuel prices during the period.
Write to Kimberley Kao at kimberley.kao@wsj.com
(END) Dow Jones Newswires
February 24, 2026 05:20 ET (10:20 GMT)
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