Singapore Airlines profit dives 57% as Air India losses, missing Vistara gain hit FY26 earnings
SIA reported FY26 net profit of SGD 1.18B, down 57.4% from SGD 2.78B, hit by SGD 846M associate loss tied to its 25.1% Air India stake and absence of last year's SGD 1.10B Vistara merger accounting gain. Tata's Air India faces projected Rs 22,000 crore losses and is cutting 100 international flights, a 27% capacity reduction.
Singapore Airlines' FY26 net profit fell 57% to SGD 1.18 billion, dragged by Air India's full-year losses and absence of Vistara merger gain. Tata-owned Air India projected to lose Rs 22,000 crore and is cutting 100 international flights amid airspace and fuel pressures.
Why this matters
Air India's mounting losses and 27% international capacity cut contrast with consumer-facing pushes like the Maharaja Club Points Fest, signaling deep operational strain even as loyalty marketing accelerates.
Retail-company signals steady at 184 in last 90 days.