en.Wedoany.com Reported - Singapore Airlines Group achieved a 39% year-on-year increase in operating profit for FY2025/26, with revenue hitting a record high during the same period.

The airline group's revenue for the fiscal year reached US$2.4 billion, up 5% from the previous fiscal year; operating costs, however, fell by 1.8% year-on-year. The cost reduction was primarily driven by lower fuel costs and successful hedging, but the group warned in its report that persistently rising global oil prices, if prolonged, would impact its performance in the current fiscal year.

Net profit saw a significant decline, coming in at US$1.18 billion, more than halved compared to the previous fiscal year. This change was not due to a deterioration in core business but rather an accounting effect from its investment in India. The group's profit in FY2024/25 had been boosted by a one-time gain of US$1 billion from the merger of its joint venture Vistara into Air India; the group currently holds a 25.1% stake in the Indian flag carrier, and its FY2025/26 accounts proportionately consolidated Air India's losses.

The core passenger business performed steadily. Singapore Airlines and Scoot, its subsidiaries, together carried 42.4 million passengers, a 7.7% increase from the previous year, setting a new record for the group. Passenger load factor rose 1.1 percentage points to 87.7%, with demand growth outpacing capacity expansion.

Cargo business revenue was US$2.1 billion, down 2.1% year-on-year, mainly due to declining yields, despite expanding demand.

Affected by geopolitical instability, Singapore Airlines has suspended flights to key Middle Eastern destinations such as Dubai and Jeddah. In early May 2026, the group announced a major international expansion, increasing capacity on routes including London Gatwick, Manchester, Milan, Munich, and Melbourne, and launching new services to Madrid via Barcelona and to Western Sydney International Airport.

Singapore Airlines is undertaking a cabin retrofit for its long-haul fleet, while also upgrading its inflight dining and entertainment systems. Starting from 2027, the carrier will also introduce high-speed broadband internet service provided by SpaceX's Starlink.

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