Singapore Airlines

HOCK LOCK SIEW

Singapore Airlines faces a tough test over Air India’s record losses

The true test for management will be the gruelling task of convincing its shareholders to bite the bullet

Singapore Airlines stepped up its involvement last year with engineering and has since then expanded across other functions at Air India.

Singapore Airlines deepens role at Air India amid record losses

Geopolitical disruptions have further inflated costs by forcing longer, more expensive routes at a time of surging jet fuel prices

Air India’s controlling shareholder, Tata Group, as well as SIA – which owns 25.1% of the carrier – are reportedly in talks to provide funding.

SIA’s dividend capacity will be curtailed if it injects more than expected fund into Air India, says analyst

The Indian airline racks up a wider-than-expected annual loss of more than 220 billion rupees for FY2026

The group attributes the growth to travel demand ahead of the Easter holiday and spillover traffic to Europe as capacity through Middle East hubs was affected by regional conflict.

SIA Group flies record 42.4 million passengers in FY2026; March traffic up 14.7%

The annual passenger total is a 7.7% increase from the previous record of 39.4 million

Scoot recorded CO2 per ASK – the industry’s standard measure of passenger-carrying capacity – of 51 grams, the lowest among all major airlines ranked.

Scoot tops Cirium’s global airline emissions efficiency rankings for 2025

High seat density of 242 seats per aircraft and longer average flight sectors of 2,157 km have driven its performance

The scope of the joint venture will exclude Singapore Airlines’ and Vietnam Airlines’ low-cost subsidiaries, respectively Scoot and Pacific Airlines.

Competition watchdog seeks feedback on proposed commercial tie-up between SIA and Vietnam Airlines

The two carriers propose to cooperate on, for example, scheduling, pricing, sales and marketing and other commercial areas

Shares of SIA have fallen 7.4% since the Middle East conflict erupted.
BROKERS’ TAKE

CGSI cuts SIA’s earnings projections for FY2027 by nearly 40% as fuel prices surge

Research house also trims its forecast for group’s FY2026 core net profit by 4%

Cancellations of both SQ494 and SQ495 flights between Singapore and Dubai had previously been extended to end-April.

SIA extends Dubai flight suspensions to end-May on geopolitical woes

The flag carrier warns that other flights could also be affected