SIA flies record 21.8 million passengers, but pricey fuel eats into earnings

Key points

• In the first half of its 2026/2027 financial year, SIA and Scoot saw passenger flown revenue reach nearly S$9.1 billion (RM28.8 billion) as they carried a record 21.8 million passengers.
• Coupled with the weaker first quarter performance, and partially offset by lower share of losses from associated companies — mainly Air India — its first half net profit consequently fell by S$105 million (RM333 million) as compared to the same period last year, to S$134 million (RM425 million).
• Specific to the second quarter of its current financial year, SIA’s total revenue grew by 14.3 per cent to S$5.58 billion (RM17.7 billion), while its operating profit grew by 16.3 per cent to S$463 million (RM1.47 billion).

Sentences selected automatically from the original article by Malay Mail.