Singapore Airlines reported its Q2 earnings fell 82% due to losses from its holding in Air India and lower interest income. Net profit for the first half of the fiscal year fell to S$239 million, down 67.8% from a year earlier, the company said. The flag carrier announced it would pay a special dividend of 10 Singapore cents per share annually over three financial years, amounting to about S$900 million. Interest income in the second quarter fell S$42 million due to interest rate cuts and lower cash balances from dividend payouts and loan repayments. The share from associated companies, including Air India, took a S$295 million.
Singapore Airlines holds a 25.1% stake in Air India following its November 2024 merger with Vistara, co-owned with India’s Tata Sons. SIA began equity accounting for the airline from December 2024. “Despite the ongoing challenges, the SIA Group remains committed to working with its partner Tata Sons to support Air India’s comprehensive multi-year transformation programme,” the carrier said in a statement.
As of 30 September 2025, the Group’s operating fleet comprised 208 passenger and freighter aircraft with an average age of seven years and eight months. In the second quarter, SIA added three Boeing 737-8s, bringing its operating fleet to 145 passenger aircraft1 and seven freighters. Scoot took delivery of two Airbus A320neos, one Boeing 787-8, and one Embraer E190-E2, bringing its fleet to 56 passenger aircraft2. The Group has 67 aircraft on order.
