Singapore Airlines (SIA) Group has reported a significant 39% increase in its full-year operating profit, reaching S$2.4b for the financial year ending 31 March 2026. This growth was driven by robust demand for air travel, improved yields, and reduced net fuel costs. However, the Group’s net profit fell by 57.4% to S$1.2b, primarily due to the absence of a one-off accounting gain from the previous year and losses from Air India.
The Group’s revenue hit a record S$20.5b, marking a 5% rise from the previous year. Passenger numbers reached 42.4 million, a 7.7% increase, with a passenger load factor of 87.7%. Cargo revenue, however, saw a slight decline of 2.1% due to reduced yields.
Despite the challenges, SIA Group maintained a strong balance sheet, reducing its debt-equity ratio from 0.82 to 0.62. The Group’s fleet expanded to 218 aircraft, with new orders placed for 11 Airbus A320neo family aircraft by Scoot.
Looking ahead, SIA plans to enhance its network, particularly in the UK, with increased flights to London and Manchester. The Group remains focused on leveraging its dual-brand strategy and digital capabilities to navigate the volatile market and enhance customer experience.
