Singapore Airlines' first-half profit drops 43.9pct despite record RM35.9bil revenue
KUALA LUMPUR: Singapore Airlines (SIA) Group’s net profit fell 43.9 per cent to RM425.6 million (S$134 million) in the first half of its financial year 2026/27 ended Sept 30, 2026, despite revenue climbing 16.8 per cent to a record RM35.9 billion (S$11.30 billion).
KUALA LUMPUR: Singapore Airlines (SIA) reported a 43.9% drop in net profit to RM425.6 million in the first half of its financial year 2026/27, despite revenue climbing 16.8% to a record RM35.9 billion. The company cited elevated jet fuel prices due to the ongoing conflict in the Middle East as a key factor impacting operating costs.
Despite adjustments to airfares and cargo rates, these measures did not fully offset the high fuel prices. Total expenditure surged 20.9% to RM34 billion, with net fuel cost rising 56% to RM12.6 billion. Passenger demand remained healthy, with a 16.8% increase in passenger revenue to S$9.10 billion. Cargo revenue grew 30.2% to S$1.39 billion.
The group carried a combined 21.82 million passengers in the first half, a record and a five percent year-on-year increase.
Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- Singapore Airlines' interim profit nearly halves on higher fuel costs channelnewsasia.com
