Singapore Airlines reports a sharp drop in annual profit for the fiscal year ended March 2026, citing widening losses at its Air India associate and broader aviation headwinds. Multiple outlets say SIA’s net profit declines by about 57% to roughly SGD 1.18 billion (about $929 million), with the result also affected by the absence of a prior-year one-off accounting gain connected to the Vistara merger. A key driver is Air India’s continued financial strain: SIA discloses that Air India’s losses widen to more than US$2 billion (and more than SGD 3.56 billion) for FY2025/26.
SIA links Air India’s deterioration to geopolitical disruptions and external constraints. These include airspace restrictions affecting routes, along with supply chain issues and higher fuel costs. According to SIA disclosures cited by the outlets, the situation is also influenced by factors such as Pakistan airspace closure and rupee depreciation. Singapore Airlines’ CEO says Air India’s challenges are largely external and characterizes the turnaround as a long-term effort without quick fixes.
