SIA records nearly S$1 billion in operating losses less than 2 years after Air India investment
Singapore Airlines (SIA) suffered a substantial S$1 billion loss in operating costs within two years of investing 25% in Air India, according to recent reports. This came less than a year after a fatal plane crash involving Air India in June 2025, which coincided with SIA's investment. Moreover, SIA faced a ban from Pakistan airspace in April 2025, impacting many of its routes.
The airline industry worldwide is grappling with a jet fuel crisis in 2026, adding to SIA's woes. An unnamed SIA executive described 2025 as an "annus horribilis" for Air India. SIA, along with Tata Sons, invested in Air India as an unofficial advisor, seeking to leverage the carrier's growth potential and expand its business beyond domestic markets.
The investment of S$822 million in 2021 and S$167 million in March 2025 proved to be ill-timed, given the subsequent losses totaling S$945 million from March 2025 to March 2026.
Written by urgent.news from Mothership's reporting — not their text. Machine-written — it may contain errors, so check the original before relying on it.