The Singapore Airlines (SIA) Group has announced a resilient operating profit of $405m for the first quarter of FY2025/26, despite facing a challenging operating environment. The Group’s financial results, released on 28 July 2025, highlight a robust demand for air travel, with Singapore Airlines and its low-cost subsidiary, Scoot, carrying a record 10.3 million passengers during the quarter.
Group revenue increased by 1.5% to $4.79b, driven by strong passenger demand, although passenger yields fell by 2.9% due to increased industry capacity. Despite this, the Group’s passenger load factor improved slightly to 87.6%. However, the net profit saw a significant decline of 59% to $186m, attributed to reduced interest income and losses from associated companies, including Air India.
The Group’s expenditure rose by 3.2% to $4.386b, primarily due to inflationary pressures on non-fuel costs. Whilst fuel costs decreased by 7.9% due to lower prices, this was offset by higher fuel volume and hedging losses.
SIA’s strategic initiatives include agreements with Neste and World Energy to acquire Sustainable Aviation Fuel (SAF), aiming to reduce carbon emissions by over 9,500 tonnes. Additionally, a proposed joint venture with Malaysia Airlines received conditional approval from the Competition and Consumer Commission of Singapore, promising enhanced connectivity and tourism benefits.
Looking ahead, SIA plans to expand its network, with Scoot launching new routes to Vietnam and Malaysia later this year. The Group remains committed to maintaining strong connectivity through Singapore, especially following the closure of Jetstar Asia.
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