Singapore Airlines (SIA) Group has reported a significant 25.9% increase in operating profit for the third quarter of FY2025/26, driven by record revenue of S$5,506m. This growth was attributed to robust passenger demand and stronger yields, despite a decline in net profit due to the absence of a one-off accounting gain from the previous year.
The Group’s financial results revealed that passenger numbers rose by 6.3% year-on-year, with SIA and its low-cost subsidiary, Scoot, carrying 10.9 million passengers. The passenger load factor improved to 87.5%, supported by a 2.8% capacity expansion. However, cargo revenue decreased by 5.4% to S$581m, as yields fell by 6.2%.
Total expenditure increased by 2.7% to S$4,714m, primarily due to higher non-fuel and net fuel costs. The operating profit reached S$792m, marking a S$163m increase from the previous year. However, net profit dropped by 68.9% to S$505m, impacted by the absence of a S$1,098m gain from the disposal of Vistara following its merger with Air India in 2024.
SIA’s fleet and network developments included the addition of new aeroplanes to Scoot’s fleet and the expansion of routes to destinations such as Sapporo, Danang, and Kota Bharu. The Group’s passenger network now spans 134 destinations across 37 countries and territories.
Looking ahead, SIA plans to enhance its premium travel offerings, with ongoing upgrades to its lounges and in-flight services. These initiatives aim to reinforce SIA’s industry leadership and improve the overall customer experience.
