According to a report by www.tabla.com.sg, Singapore Airlines (SIA) reported a net profit of S$209.7 million for its second quarter ended September 30, 2026, rising from S$52.4 million during the same period in 2025. The growth was driven by higher operating earnings and a reduced share of losses from associate company Air India.
During the second quarter, mainboard-listed SIA generated a 14.3 percent revenue increase to a record S$5.6 billion, up from S$4.9 billion a year earlier. Operating profit rose 16.3 percent to S$463.7 million from S$398.4 million. Passenger yields grew 12.2 percent and cargo yields increased 22.3 percent. While pre-hedging fuel costs increased 63.3 percent, hedging gains of S$355 million helped cushion the overall impact.
Despite the positive second quarter, a weaker first quarter brought SIA's net profit for the first half of FY2026 down 43.9 percent to S$133.9 million, compared with S$238.5 million a year earlier. Operating profit for the six-month period fell 29.1 percent to S$569.2 million from S$802.9 million, impacted by elevated fuel expenses. Average jet fuel prices for the half-year surged 86.7 percent year-on-year to US$171 per barrel amid geopolitical conflict in the Middle East. Fuel hedging gains of S$806 million for H1 partially offset these cost pressures.
Half-year revenue reached a record S$11.3 billion, up 16.8 percent from S$9.7 billion, supported by record passenger carriage of 21.8 million travellers. By segment, full-service carrier Singapore Airlines generated S$9.6 billion in revenue (up 16.1 percent) with an operating profit of S$574 million (down 31.7 percent). Low-cost carrier Scoot grew revenue 29.4 percent to S$1.4 billion while narrowing its operating loss from S$39 million to S$24 million. Engineering services revenue dropped 7.1 percent to S$294.2 million, though operating profit doubled to S$25.7 million.
Basic earnings per share for Q2 rose to S$0.067 from S$0.017, while H1 EPS stood at S$0.043. SIA's board declared an interim ordinary dividend of S$0.02 per share and an interim special dividend of S$0.05 per share, totaling S$0.07 per share. The payout is set for December 11, 2026.
