Singapore Airlines on Thursday reported a sharp fall in first-half profit, hit by losses at its Indian associate Air India, higher costs and intensifying competition, reports Reuters.
The airline's profit slid steeply in the second quarter to S$52 million ($40.18 million) from S$186 million in the first quarter, highlighting Air India's drag on performance.
Singapore Airlines began accounting for Air India's earnings in December 2024 after the integration of joint venture Vistara into Air India. The Singapore airline has a 25.1 per cent stake in the Indian carrier.
Passenger demand remained strong and fuel costs fell, even as competition in key markets squeezed yields.
Singapore's flag carrier sought to keep investors onside with a capital return plan and a confident outlook for travel demand heading into the year-end rush.
It unveiled a three-year special dividend plan totalling about S$900 million, paying 10 Singapore cents per share annually. It also announced an interim dividend of 5 Singapore cents a share.
Half-year net profit fell to S$239 million, down from S$742 million last year and missing the S$341.9 million consensus estimate from Visible Alpha.
Singapore Airlines profit drop deepens on Air India losses
FE Team | Published: November 13, 2025 22:04:41
Singapore Airlines profit drop deepens on Air India losses
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