SIA net profit slides nearly 69% in Q3 on absence of one-off gain

The group recorded a 25.9% increase in operating profit to $792m.

Singapore Airlines (SIA) Group reported its net profit fell 68.9% to $505m in the third quarter of 2025/26 financial year due to the absence of a $1.1b non-cash accounting gain from the 2024 merger of Air India and Vistara.

The group recorded a 25.9% increase in operating profit to $792m and 5.5% rise in revenue to $5.5b during the year.

This was, however, offset by higher spending, with group expenditure rising 2.7% to $4.71b, mainly driven by a $77m increase in non-fuel expenditure and $48m higher net fuel cost.

The group said the share of losses from associated companies increased by $163m to $178m as it recognised a full-quarter share of Air India’s losses this year compared with only one month a year earlier.

Basic and diluted earnings per share reached 16.1 cents and 16 cents, respectively.

SIA expects sustained demand for air travel in the final quarter of the financial year, though cargo performance remains subject to trade and geopolitical developments.

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