Singapore Airlines’ interim profit nearly halves on higher fuel costs
The country’s flag carrier posted a half-yearly net profit of S$134 million (US$104.56 million) on Wednesday (Nov 11), down from S$239 million a year ago.
A Singapore Airlines plane prepares to land at Changi Airport in Singapore on Sep 9, 2026. (File photo: Reuters/Edgar Su)
Read a summary of this article on FAST.
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST
Tap here to return to FAST
FAST
Singapore Airlines’ interim net profit dropped nearly 44 per cent, hurt by a sharp spike in jet fuel costs stemming from the Middle East conflict, somewhat offset by its share of losses at Air India and other associates narrowing.
The country’s flag carrier posted a half-yearly net profit of S$134 million (US$104.56 million) on Wednesday (Nov 11), down from S$239 million a year ago.
A consensus from Visible Alpha had expected profit to drop further to S$65.3 million.
The airline’s expenditure rose more than 20 per cent to S$10.73 billion, largely due to a surge of over 90 per cent in fuel costs before hedging.
Guess Word
Crack the word, one row at a time
Buzzword
Create words using the given letters
Mini Sudoku
Tiny puzzle, mighty brain teaser
Mini Crossword
Small grid, big challenge
Word Search
Spot as many words as you can
Average jet fuel prices over the six months stood at US$171 per barrel, up 86.7 per cent from the previous year amid the ongoing conflict in the Middle East, the company said.
The softer first-quarter performance also weighed.
Meanwhile, Singapore Airlines’ share of losses from Air India in the interim period narrowed to S$361.7 million from S$429.5 million a year ago.
Total revenue for the first half rose 16.8 per cent to S$11.30 billion from the same period last year.
Source: Reuters/dy
Sign up for our newsletters
Get the CNA app
Stay updated with notifications for breaking news and our best stories
Get WhatsApp alerts
Join our channel for the top reads for the day on your preferred chat app
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST
Tap here to return to FAST
FAST
