The SIA Group has released its unaudited financial results for the first quarter of FY2025/26, showcasing a resilient operating profit amidst a challenging operational landscape. Both Singapore Airlines and Scoot reported record passenger numbers, reflecting strong demand for air travel, although passenger yields experienced a decline due to increased industry capacity and rising non-fuel costs. The Group's net profit saw a notable decrease, primarily attributed to lower interest income and a shift to recording losses from associated companies, including Air India. Despite these headwinds, the SIA Group is actively pursuing strategic initiatives in decarbonisation, network expansion, and key partnerships, underscoring its commitment to maintaining a robust position and navigating future challenges effectively.
• Learn about the key financial movements that led to a significant shift in the Group's net profit, including the influence of its strategic investments