SIA Q2 net profit quadruples to S$209.7 million on better unit revenue, lower Air India losses

Résumé détaillé

The board has declared interim ordinary and special dividends totalling S$0.07 a share

The board has declared interim ordinary and special dividends totalling S$0.07 a share

[SINGAPORE] Singapore Airlines (SIA) posted a net profit of S$209.7 million for its second quarter ended Sep 30, up from S$52.4 million in the previous corresponding period.

This was due to stronger operating profit and a lower share of losses from associate Air India, the mainboard-listed group said in a regulatory filing on Wednesday (Nov 11).

Revenue rose 14.3 per cent to a record S$5.6 billion, from S$4.9 billion previously. Operating profit rose 16.3 per cent to S$463.7 million, from S$398.4 million a year earlier.

Passenger yields grew 12.2 per cent, while cargo yields rose 22.3 per cent. Fuel cost before hedging climbed 63.3 per cent, but hedging gains of S$355 million partly cushioned the impact.

For the first half of FY2026, SIA’s net profit fell 43.9 per cent to S$133.9 million, from S$238.5 million a year earlier.

A weaker Q1 was the main drag, with operating profit down 73.8 per cent as higher jet fuel prices due to the conflict in the Middle East weighed on earnings.

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H1 operating profit fell 29.1 per cent to S$569.2 million, from S$802.9 million. Average jet fuel price for the six months was US$171 per barrel, 86.7 per cent higher year on year. Fuel hedging gains of S$806 million partly cushioned the impact.

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