Singapore · Delayed Price · Currency is SGD Singapore Airlines Earnings Call Transcripts
Fiscal Year 2026
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Record first-half revenue and operating profit were offset by a sharp net profit decline due to interest expense and Air India losses. Strong cash position enabled a multi-year special dividend, while passenger demand and load factors remain robust despite yield pressure and rising costs.
Fiscal Year 2025
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Record net profit of SGD 2.8B was driven by a one-off gain from the Air India-Vistara merger, while operating profit fell 37% year-over-year due to higher costs despite record revenue. Robust demand continues, with strong cash reserves and ongoing fleet expansion planned.
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Operating profit and net profit both fell 49% year-on-year despite a 3.7% revenue increase, as higher costs and yield declines offset traffic growth. Capacity and partnerships continue to expand, with strong positions in Southeast Asia and India, and new product investments underway.