Air India's $2.8B loss drags Singapore Airlines profit down 57% in FY26

Singapore Airlines' FY26 net profit slumped 57% to S$1.28 billion, weighed down by its $2.8 billion share of Air India losses. The Tata-owned carrier's losses widened amid fleet renewal, Vistara integration costs, and aggressive network expansion in a multi-year turnaround push.

— FiledThu, 14 May, 2026, 19:13 IST·First seen Thu, 14 May, 2026, 19:16 IST·Source CNBC-TV18 · Companies

What happened

Singapore Airlines' FY26 profit fell 57% to S$1.28 billion, dragged by $2.8 billion share of Air India losses. Tata-owned Air India's losses widened amid fleet

Key facts

  • $2.8 billion loss
  • S$1.28 billion profit
  • 57% decline
  • S$21.1 billion revenue
  • 3.8% YoY
  • 25.1% stake

Why this matters

Air India's deep restructuring losses signal a prolonged capital-absorption phase that opens windows for fleet, MRO, loyalty, and regional JV partnerships with the Tata group while competitors retrench.