SIA shares fall over 4% after Q1 earnings dive
The national carrier has incurred a net loss of S$76 million for the quarter
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[SINGAPORE] Shares of national carrier Singapore Airlines (SIA) on Wednesday (Jul 29) morning dipped by over 4 per cent, following the release of its Q1 FY2026 earnings.
The counter was down 4 per cent in early trade, before declining further to S$7.44 as at 9.15 am, down 4.3 per cent, after 2.8 million securities worth S$21.2 million were transacted. The shares later rebounded to S$7.47 as at 9.52 am, still down 3.9 per cent.
SIA reported its first-quarter results on Tuesday, posting a net loss of S$76 million, compared with a net profit of S$186 million in the same period the year before.
This comes on the back of lower operating profit, due to a 78.5 per cent surge in net fuel costs because of the Middle East conflict, and a higher share of losses from Air India.
Operating profit stood at S$106 million for H1, down S$299 million or 73.8 per cent from the corresponding year-ago period.
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