Singapore Airlines (SIA) reported record revenue and operating profit for the financial year ended 31 March 2026, even as group net profit fell sharply due to its exposure to Air India. According to the carrier’s FY25/26 analyst and media briefing materials, group revenue rose 5.0% year on year to $20.52 billion, driven by a 5.2% increase in passenger flown revenue to $16.67 billion.
Full-year operating profit climbed 39% to $2.38 billion, with the group achieving a record operating result in the second half of the year. The stronger operating performance reflected sustained travel demand and disciplined capacity and cost management.
Despite the robust operating metrics, net profit declined 57.4% from the previous year to $1.18 billion. SIA attributed the drop primarily to the absence of a one-off accounting gain recorded in the prior year and to its share of full-year losses at Air India.
Financial results disclosed by SIA showed that Air India’s losses more than doubled in FY26 to ₹25,606 crore, or about $2.6 billion. The airline’s deteriorating performance significantly reduced SIA’s bottom line, underscoring the financial impact of its partnership and equity exposure to the Indian carrier even as SIA’s core operations remained strong.