{"id":11883,"date":"2025-11-16T06:34:40","date_gmt":"2025-11-15T22:34:40","guid":{"rendered":"https:\/\/sgbuzz.com\/?p=11883"},"modified":"2025-11-16T06:34:40","modified_gmt":"2025-11-15T22:34:40","slug":"air-india-cuts-into-sias-earnings","status":"publish","type":"post","link":"https:\/\/sgbuzz.com\/?p=11883","title":{"rendered":"Air India cuts into SIA&#8217;s earnings"},"content":{"rendered":"<p><br \/>\n<\/p>\n<div>\n<p><a href=\"https:\/\/aero-asia.hk.messefrankfurt.com\/zhuhai\/en.html?wt_mc=AOA_AA_wb2\" target=\"_blank\" rel=\"noopener\"><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter wp-image-49881 size-full\" src=\"https:\/\/asianaviation.com\/wp-content\/uploads\/aa25_banner_728x90_AsAv.gif\" alt=\"Singapore Airlines reported its Q2 earnings fell 82% due to losses from its holding in Air India and lower interest income.\" width=\"728\" height=\"90\"\/><\/a>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. <span style=\"font-family: Verdana, BlinkMacSystemFont, -apple-system, 'Segoe UI', Roboto, Oxygen, Ubuntu, Cantarell, 'Open Sans', 'Helvetica Neue', sans-serif;\">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. <\/span><span style=\"font-family: Verdana, BlinkMacSystemFont, -apple-system, 'Segoe UI', Roboto, Oxygen, Ubuntu, Cantarell, 'Open Sans', 'Helvetica Neue', sans-serif;\">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.<\/span><\/p>\n<\/div>\n<div>\n<p>Singapore Airlines holds <span style=\"font-family: Verdana, BlinkMacSystemFont, -apple-system, 'Segoe UI', Roboto, Oxygen, Ubuntu, Cantarell, 'Open Sans', 'Helvetica Neue', sans-serif;\">a 25.1% stake in Air India following its November 2024 merger with Vistara, co-owned with India\u2019s Tata Sons. SIA began equity accounting for the airline from December 2024. <\/span>\u201cDespite the ongoing challenges, the SIA Group remains committed to working with its partner Tata Sons to support Air India\u2019s comprehensive multi-year transformation programme,\u201d the carrier said in a statement.<\/p>\n<p class=\"p1\">As of 30 September 2025, the Group\u2019s 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 aircraft<span class=\"s1\">1 <\/span>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 aircraft<span class=\"s1\">2<\/span>. The Group has 67 aircraft on order.<\/p>\n<p class=\"p1\">For the Northern Winter 2025 operating season (26 October 2025 to 28 March 2026), SIA will increase frequencies to destinations such as Auckland, Busan, Da Nang, Kathmandu, Kochi, Phuket, Siem Reap, and Tokyo (Haneda), to meet the higher demand for air travel during the year-end peak. SIA will also operate supplementary services to Chitose (Sapporo) (November 2025 to January 2026), Christchurch (November 2025 to February 2026), and Taipei (February 2026 to March 2026).<\/p>\n<p class=\"p1\">Scoot deepened its presence in Southeast Asia, launching services to Da Nang and Kota Bharu in October 2025. Additionally, in the Northern Winter 2025 operating season, it will increase frequencies to Denpasar (Bali), Bangkok, Jakarta, and Penang. Scoot will commence operations to Nha Trang in November 2025, Labuan Bajo, Okinawa, and Semarang in December 2025, Chiang Rai and Palembang in January 2026, Medan in February 2026, and Tokyo (Haneda) in March 2026.<\/p>\n<p class=\"p1\">As of 30 September 2025, the Group\u2019s passenger network covered 129 destinations in 37 countries and territories<span class=\"s1\">4<\/span>. SIA served 78 destinations and Scoot served 73. The cargo network consisted of 133 destinations in 38 countries and territories, maintaining diverse global coverage.<\/p>\n<p class=\"p1\">Singapore Airlines\u2019 25.1% stake in the Air India Group is part of its long-term multi-hub strategy, providing a stake in one of the world\u2019s largest and fastest-growing aviation markets. This strategic investment complements the SIA Group\u2019s Singapore hub, enabling direct participation in India\u2019s domestic and international markets and unlocking access to new traffic flows. Despite the ongoing challenges, the SIA Group remains committed to working with its partner Tata Sons to support Air India\u2019s comprehensive multi-year transformation programme.<\/p>\n<p><a href=\"https:\/\/asianaviation.com\/#Newsletter_Form\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-44537 size-large\" src=\"https:\/\/asianaviation.com\/wp-content\/uploads\/AAV_Bulletin_1068x1301-2-1024x125.gif\" alt=\"Singapore Airlines reported its Q2 earnings fell 82% due to losses from its holding in Air India and lower interest income.\" width=\"696\" height=\"85\" srcset=\"https:\/\/asianaviation.com\/wp-content\/uploads\/AAV_Bulletin_1068x1301-2-1024x125.gif 1024w, https:\/\/asianaviation.com\/wp-content\/uploads\/AAV_Bulletin_1068x1301-2-300x37.gif 300w, https:\/\/asianaviation.com\/wp-content\/uploads\/AAV_Bulletin_1068x1301-2-768x93.gif 768w, https:\/\/asianaviation.com\/wp-content\/uploads\/AAV_Bulletin_1068x1301-2-696x85.gif 696w\" sizes=\"auto, (max-width: 696px) 100vw, 696px\"\/><\/a><\/p>\n<hr\/>\n<h5 style=\"text-align: center;\"><strong>For Editorial Inquiries Contact:<\/strong><br \/><strong>Editor Matt Driskill at\u00a0<a href=\"https:\/\/asianaviation.com\/air-india-cuts-into-sias-earnings\/mailto:matt.driskill@asianaviation.com\" target=\"_blank\" rel=\"noopener noreferrer\">matt.driskill@asianaviation.com<\/a><\/strong><br \/><strong>For Advertising Inquiries Contact:<\/strong><br \/><strong>Head of Sales Kay Rolland at\u00a0<a href=\"https:\/\/asianaviation.com\/air-india-cuts-into-sias-earnings\/mailto:kay.rolland@asianaviation.com\" target=\"_blank\" rel=\"noopener noreferrer\">kay.rolland@asianaviation.com<\/a><\/strong><\/h5>\n<hr\/>\n<h5\/>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/asianaviation.com\/air-india-cuts-into-sias-earnings\/\" target=\"_blank\" rel=\"noopener\">Read Full Article At Source <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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&#8230;<\/p>\n","protected":false},"author":1,"featured_media":1864,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[2611],"tags":[],"class_list":["post-11883","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buzz-headlines","wpcat-2611-id"],"_links":{"self":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts\/11883","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11883"}],"version-history":[{"count":0,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts\/11883\/revisions"}],"wp:attachment":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11883"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11883"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11883"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}