Fuel Costs, Air India Losses Push SIA Into Q1 Red Despite Record Revenue

Singapore Airlines says tangible progress made in Air India's fleet renewal, service enhancements

Singapore Airlines reported tangible progress in Air India's fleet and service enhancements. The airline group's stake in Air India is a key pillar of its strategy. However, a net loss of USD 76 million was recorded in the April-June quarter. Increased jet fuel prices significantly impacted expenditures, despite fare adjustments. The company remains focused on growth opportunities and strengthening its competitive position.

SIA enhances passengers' journey; reports quarterly net loss

Discover Singapore Airlines' latest upgrades to the passenger journey, including new lounges and in-flight enhancements, despite a recent net loss. Read more at straitstimes.com.

SIA posts record $5.7b revenue in Q1, but records first quarterly loss since Covid-19

Singapore Airlines (SIA) posted a net loss of $76 million in the first quarter of 2026, the group reported on Tuesday (July 28).Despite total revenue rising 19.3 per cent year-on-year to $5.7 billion in the reporting period, net profit fell from $186 million in the same quarter last year to record a loss of $76 million. This was mainly due...

Fuel costs, Air India losses push SIA into Q1 red despite record revenue

Record passenger and cargo revenue failed to offset a 78.5 per cent jump in net fuel costs and higher losses from Air India, sending the airline group to a S$76 million quarterly loss.

Singapore Airlines, Air India to deepen partnership after "tangible progress" - Connected to India News I Singapore l UAE l UK l USA l NRI

Singapore Airlines (SIA) on Tuesday, July 28, said Air India’s transformation programme has made significant strides in fleet renewal, aircraft retrofits, customer service and operational performance, as the two airlines prepare to deepen their commercial partnership and expand customer benefits this year. Tata Group acquired Air India from the Government of India in January 2022, and later Singapore Airlines took a 25.1 per cent stake in the ca…