Record quarterly revenue drives 25.9% increase in Singapore Airlines Group operating profit

The Singapore Airlines (SIA) Group financial performance for the third quarter FY2025/26 is summarised as follows:

Financial Highlights
- Revenue: SGD 5,506M (+5.5% YoY, record quarterly revenue).
- Operating profit: SGD 792M (+25.9% YoY).
- Net profit: SGD 505M (down 68.9% YoY, mainly due to absence of last year’s one-off accounting gain from the Vistara disposal).
- Nine-month revenue: SGD 15,181M (+3.2% YoY).
- Nine-month net profit: SGD 743M (down from SGD 2,368M last year).

Operational Performance
- Passengers carried: 10.9M (+6.3% YoY).
- Passenger load factor (PLF): 87.5% (+0.3pp).
- Passenger yields: +1.9% to 10.9 cents per RPK.
- Cargo revenue: SGD 581M (-5.4% YoY), with yields down 6.2%.
- Fleet size: 212 aircraft (average age 7 years 8 months).
- Network reach: 134 destinations in 37 countries.

Strategic Developments
- Scoot expansion: New routes to Vietnam, Malaysia, Japan, and Indonesia.
- Upcoming launches: Palembang, Medan, Chiang Rai, Tokyo Haneda.
- SIA expansion: Increased frequencies to Colombo, Taipei, and new non-stop flights to Riyadh (from June 2026).
- Customer experience:
- New First Class SilverKris Lounge at Changi T2.
- Retirement of 737-800NG fleet → full-flat Business Class seats, Wi-Fi, and seatback IFE across all cabins.
- Next-gen cabin products, upgraded KrisWorld, new F&B, amenity kits, and LEO satellite Wi-Fi coming in 2026.

Partnerships
- Air India: Deeper cooperation framework with Tata Sons, joint business agreements pending regulatory approval.
- Malaysia Airlines: Strategic joint business partnership approved in 2025–26, including revenue sharing, joint fares, and coordinated schedules.

Outlook
- Passenger demand remains strong heading into Q4 FY2025/26.
- Cargo outlook uncertain due to trade/geopolitical factors.
- SIA emphasizes strong financial position, disciplined cost management, and digital capabilities to reinforce its industry leadership.

This quarter shows robust core performance despite the headline net profit drop, which was skewed by last year’s extraordinary accounting gain. The underlying trend is strong: record revenue, higher yields, and disciplined cost control.