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SINGAPORE: The Singapore Airlines (SIA) Group on Tuesday (Jul 28) announced a net loss of S$76 million (US$58.9 million) in the first quarter of 2026, as soaring fuel costs linked to the Middle East conflict and a higher share of losses from Air India outweighed record revenue.<\/span><\/p>\n Operating profit fell S$299 million to S$106 million, the airline said, driven by a S$991 million jump in net fuel costs due to the Middle East conflict. The group’s net result was further weighed down by a S$42 million higher share of losses from Air India.<\/span><\/p>\n Net results declined by S$262 million to a loss of S$76 million, compared with a profit of S$186 million a year ago.<\/span><\/p>\n This marks the first quarterly deficit for SIA Group since the COVID-19 pandemic ended, according to Reuters.<\/span><\/p>\n The airline also reported record revenue of S$5.71 billion in Q1, thanks to a 19.3 per cent (S$924 million) year-on-year rise in revenue driven by strong demand.<\/span><\/p>\n The group benefited from “robust demand for air travel”, with passenger revenue up 18.6 per cent to S$4.58 billion. SIA and Scoot carried a record 10.9 million passengers, up 6.3 per cent from a year ago.<\/p>\n However, group expenditure rose by 27.9 per cent to S$5.6 billion, mainly due to a sharp increase in net fuel cost to S$2.25 billion.<\/span><\/p>\n SIA group also took delivery of one Airbus320neo and three Boeing 737-8 aircraft in Q1, bringing its operating fleet to 220 passenger and freighter aircraft as of Jun 30.<\/span><\/p>\n SIA owns a 25.1 per cent stake in Air India, which reported a record US$2 billion loss<\/span> for the last financial year and has been under scrutiny since a plane crash that killed 260 people in 2025<\/span>.<\/p>\n The airline\u2019s owner Tata Sons said on Monday that its turnaround could take up to a decade<\/span>, extending the timeline for the carrier\u2019s turnaround.<\/p>\n Tata Sons chairman attributed the longer turnaround time to persistent supply-chain disruptions in key components, the need to overhaul legacy systems, culture, fleet, and efforts to build a larger technical and airline workforce.<\/p>\n SIA said on Tuesday that, together with Tata Sons, it remains committed to Air India’s long-term transformation and described its investment as a key pillar of its multi-hub strategy.<\/p>\n It also said that “tangible progress has been made in Air India’s fleet renewal and aircraft retrofit programmes, on-ground and in-flight service enhancements, and operational performance”.\u00a0<\/span><\/p>\n In May, SIA CEO Goh Choon Phong said Air India’s transformation was a “long game” with “no shortcut”.<\/p>\n<\/div>\n SINGAPORE: The Singapore Airlines (SIA) Group on Tuesday (Jul 28) announced a net loss of S$76 million (US$58.9 million) in the first quarter of 2026,…<\/p>\n","protected":false},"author":1,"featured_media":72356,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/dam.mediacorp.sg\/image\/upload\/s--397DwstW--\/c_crop,h_487,w_865,x_76,y_1\/c_fill,g_auto,h_676,w_1200\/fl_relative,g_south_east,l_mediacorp:cna:watermark:2024-04:reuters_1,w_0.1\/f_auto,q_auto\/sia-plane_0.jpg?itok=pg--YzLd","fifu_image_alt":"","footnotes":""},"categories":[2],"tags":[364,4113,6403,1390,4826,5639,1952,819,10170,1127],"class_list":["post-72355","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buzz-news-sg-global","tag-air","tag-costs","tag-fuel","tag-india","tag-losses","tag-push","tag-record","tag-red","tag-revenue","tag-sia","wpcat-2-id"],"_links":{"self":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts\/72355","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=72355"}],"version-history":[{"count":0,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts\/72355\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/media\/72356"}],"wp:attachment":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=72355"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=72355"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=72355"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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