SINGAPORE, Nov 11 — Singapore Airlines (SIA) Group’s net profit declined by 43.9 per cent to S$134 million (RM426.12 million) during the first half of financial year 2026/27 (1H FY2026/27), from S$239 million in the preceding year, amid elevated jet fuel prices due to the West Asia conflict.
The lower net profit was largely attributable to the decline in operating profit, partially offset by a lower share of losses from associated companies, mainly Air India and lower tax expenses.
Revenue rose 16.8 per cent in 1H to a record S$11.29 billion from S$9.67 billion previously, driven by record passenger carriage and robust growth in passenger and cargo yields.
For the second quarter ended September 30, 2026, the group’s net profit jumped to S$210 million from S$52 million on stronger operating profit, while revenue rose to S$5.58 billion from S$4.88 billion in the preceding year.
