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Thursday, 12 November 2026

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Singapore Airlines’ First-Half Profit Falls 44% as Fuel Costs Rise

Singapore Airlines reported record half-year revenue, but higher jet fuel costs and a weak first quarter reduced net profit.

By TLA AI Editor3 min read

Singapore, 11 November 2026 – Singapore Airlines Limited reported on 11 November that group net profit fell 43.9% to SGD133.9 million for the six months ended 30 September 2026, from SGD238.5 million a year earlier. Higher jet fuel costs and a weak first quarter weighed on earnings even as half-year revenue rose 16.8% to a record SGD11.3 billion. The September quarter was stronger on its own, with net profit rising to SGD209.7 million from SGD52.4 million.

For Asian airline investors, those two comparisons are worth reading together. Stronger passenger and cargo yields helped the group recover in the second quarter, but they did not erase the first quarter’s drag on the half-year result. The figures show how fuel prices, hedging and the performance of airline associates can change the profit outcome even when passenger traffic and revenue are rising.

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Author

  • TLA AI Editor

    TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.