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SIA Group flies record 42.4 million passengers in FY2025/26 March traffic up 14.7%
The annual passenger total is a 7.7% increase from the previous record of 39.4 million
[SINGAPORE] Passenger traffic for the Singapore Airlines (SIA) Group : C6L -0.45%rose 14.7 per cent year on year in March, helping the group reach a record 42.4 million passengers for FY2025/26 ended Mar 31, 2026.
The group carried 3.8 million passengers in March, up 14.9 per cent year on year, SIA said in an operational update on Wednesday (Apr 15).
The annual passenger total is a 7.7 per cent increase from the previous record of 39.4 million set in FY2024/25. Passenger traffic &ndash which measures demand for an airline&rsquo s service and is derived by multiplying the number of passengers carried by distance travelled &ndash for March increased 14.7 per cent, outpacing a 7.2 per cent rise in passenger capacity.
The group&rsquo s passenger load factor (PLF), which is the passenger traffic expressed as a percentage of passenger capacity, increased by 5.9 percentage points to 90.6 per cent. SIA and Scoot posted monthly PLFs of 90.3 per cent and 91.7 per cent, respectively.
The group attributed the growth to travel demand ahead of the Easter holiday and spillover traffic to Europe as capacity through Middle East hubs was affected by regional conflict.
Due to the Middle East conflict, the group said that it implemented rolling cancellations for SIA services to Dubai and Scoot services to Jeddah.
Cargo loads rose 2.4 per cent despite a 1.3 per cent drop in capacity. The cargo load factor was up 2.1 percentage points at 59 per cent.
At the end of March 2026, the group&rsquo s passenger network covered 134 destinations in 35 countries and territories, with SIA serving 77 destinations and Scoot serving 82. During the month, Scoot launched services to Haneda Airport in Tokyo.
CGSI cuts SIA&rsquo s earnings projections for FY2027 by nearly 40% as fuel prices surge
Research house also trims its forecast for group&rsquo s FY2026 core net profit by 4%
[SINGAPORE] Research house CGS International (CGSI) has lowered its expectations for Singapore Airlines&rsquo ( SIA : C6L -0.15%) earnings for its 2026 and 2027 financial years amid a surge in fuel prices.
In a Thursday (Apr 2) report, analyst Raymond Yap said the forecast for the group&rsquo s FY2026 core net profit was trimmed by 4 per cent to S$1.1 billion, while the FY2027 projection is now S$799 million after a 37 per cent drop.
He also hiked the group&rsquo s share of its associate Air India&rsquo s expected loss by 5 per cent for FY2026, 20 per cent for FY2027, and 10 per cent for FY2028. SIA owns a 25.1 per cent stake in Air India.
CGSI has cut its target price for SIA by about 10 per cent to S$6.77 a share from S$7.44, with an unchanged &ldquo hold&rdquo recommendation.
Yap noted that the impact of higher jet fuel prices on SIA for FY2026 ended Mar 31 should have been borne &ldquo only in the last two weeks of March&rdquo , as the group has &ldquo robust&rdquo fuel hedges and jet fuel is normally purchased on a lagging basis.
Jet fuel costs rose about 140 per cent month over month at US$223 per barrel as at Mar 27, a month after the US and Israel commenced attacks on Iran and plunged the oil-producing region into a war.
SIA hedged about 47 per cent of its fuel requirement for the January-to-March quarter. It has hedged about 41 per cent for April to June, 34 per cent for the subsequent quarter, and 24 per cent for the six months after.
Yap expects SIA to book &ldquo large fuel hedging gains&rdquo , at least for the January-to-March quarter.
However, the group&rsquo s exposure will be &ldquo more acute&rdquo as time passes, he added, because its hedges will decline, and he does not expect it to top up hedges at the present elevated fuel prices.
SIA might hike fares on European routes amid demand diverted from affected Middle Eastern carriers, but it might have difficulty passing on the higher fuel prices to short-haul flights and budget arm Scoot&rsquo s routes.
&ldquo Historically, airlines have struggled to pass on higher jet fuel costs, especially when jet fuel prices spike suddenly,&rdquo Yap noted.
He expects that SIA will be able to offset only 75 per cent of the increase in jet fuel prices from higher yields for FY2027.
&ldquo While our analysis is not conclusive due to the absence of disclosures from SIA and... the complexity of analysing so many moving parts, our preliminary view is that SIA will not likely be able to fully offset the sharp increase in jet fuel prices in FY2027.&rdquo
SIA&rsquo s cargo profitability could be under pressure in the coming quarters as well, he added.
Meanwhile, Air India might bear the full brunt of the surge in jet fuel prices, given the assumption that it has no fuel hedges. Yap pointed out that the Indian rupee has depreciated against the US dollar, and the airline has had to reroute to avoid the war zone, therefore necessitating more fuel consumption.
SIA&rsquo s earnings for the second quarter of FY2026 were severely hit by its share of losses from Air India, though it did not specify a specific amount.
SIA said in a statement to The Business Times that both its full service airline and budget carrier have increased airfares across the board in response to the steep rise in jet fuel prices.
&ldquo These adjustments partially defray the higher fuel costs, and do not fully cover the increase in our costs,&rdquo an SIA spokesperson commented.
She said that jet fuel costs accounted for around 30 per cent of the group&rsquo s expenditure in the nine months ended December 2025, and is its single largest cost item. &ldquo (When) a major cost component such as jet fuel rises sharply due to external factors beyond our control, we may need to adjust airfares to offset higher operating costs.&rdquo
better than Aeroflot still...
just hang in there and wait for SIA to fly...
it will take awhile
just hang in there and wait for SIA to fly...
it will take awhile
Barcalo ( Date: 23-Mar-2026 08:53) Posted:
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Backside itchy, buy this APNN airline. Knn.....
ruanlai ( Date: 23-Mar-2026 04:51) Posted:
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Air India flies ?wrong? Boeing 777 jet to Vancouver, plane makes U-turn after 4 hours
An alleged lapse in updating operational requirements led to the wrong aircraft being assigned to the flight, they said.
?Air India flight AI185, operating from Delhi to Vancouver on March 19 returned to Delhi due to an operational issue and in line with established standard operating procedures. The aircraft landed safely, and all passengers and crew had disembarked (safely),? an Air India spokesperson said on Friday adding that the flight departed for Vancouver on Friday morning, but did not give details.
The spokesperson said that the airline?s ground teams in Delhi had provided all necessary assistance, including offering hotel accommodation, while every effort was made to fly the passengers to their destination at the earliest. According to Flightradar24, the flight, which operated with a Boeing 777-200LR (VT-AEI), turned back while flying over Chinese airspace after being airborne for roughly four hours.
An alleged lapse in updating operational requirements led to the wrong aircraft being assigned to the flight, they said.
?Air India flight AI185, operating from Delhi to Vancouver on March 19 returned to Delhi due to an operational issue and in line with established standard operating procedures. The aircraft landed safely, and all passengers and crew had disembarked (safely),? an Air India spokesperson said on Friday adding that the flight departed for Vancouver on Friday morning, but did not give details.
The spokesperson said that the airline?s ground teams in Delhi had provided all necessary assistance, including offering hotel accommodation, while every effort was made to fly the passengers to their destination at the earliest. According to Flightradar24, the flight, which operated with a Boeing 777-200LR (VT-AEI), turned back while flying over Chinese airspace after being airborne for roughly four hours.
SIA extends Dubai halt to end-April, adds capacity to London and Melbourne
The airline is shifting aircraft capacity to capture rising travel demand for the northern summer season
[SINGAPORE] Singapore Airlines : C6L +0.15% on Friday (Mar 20) extended the cancellation of its flights between the city-state and Dubai to the end of April, citing escalating geopolitical tensions in the Middle East.
The cancellations of the SQ494 and SQ495 flights between Singapore and Dubai had previously been extended to Mar 28, from Mar 15 originally.
Despite the pullback in the Middle East, the airline said it is shifting aircraft capacity to capture rising travel demand for its London and Melbourne routes for the northern summer season (Mar 29 to Oct 24).
For London, the flag carrier will add the new flights SQ314 and SQ313 between Changi and Gatwick Airport using Airbus A350 jets. This will be a thrice-weekly service from Mar 31 to Jul 2, rising to daily from Jul 3 to Aug 29, before reverting to three times a week from Sep 1 to Oct 24.
Combined with its existing Heathrow operations, the carrier will fly to the UK capital up to six times a day.
In the Pacific, the airline is increasing its seat capacity to Australia. From Mar 29 to Oct 24, it will deploy its flagship Airbus A380 superjumbo to replace a Boeing 777-300ER on the SQ237 and SQ228 flights between Singapore and Melbourne.
The shift to the double-decker Airbus provides 471 seats per flight, including six first-class suites, to meet increased passenger volume. This is compared with 264 seats and four first-class seats on the single-deck Boeing.
Feb 2026 Operating results
https://links.sgx.com/1.0.0/corporate-announcements/33AA3IRLX0ICGNZE/878411_opstats-feb26.pdf
https://links.sgx.com/1.0.0/corporate-announcements/33AA3IRLX0ICGNZE/878411_opstats-feb26.pdf
Airline hedging strategies fall short as jet fuel price surges
Airline hedging strategies fall short as jet fuel price surges - The Business Times
Fuel switch incident, surging fuel prices put Air India&rsquo s turnaround under fresh test
https://www.businesstimes.com.sg/companies-markets/transport-logistics/fuel-switch-incident-surging-fuel-prices-put-air-indias-turnaround-under-fresh-test
California Woman Claims ' Tainted' Airline Food Caused Life-Threatening Allergic Reaction Mid-Flight: Complaint
https://people.com/woman-sues-airline-claims-tainted-food-caused-life-threatening-allergic-reaction-11925577
Prudent move by SIA as these safety measures will safe lives, save airplines and save the share price from the plunge.
Alignment ( Date: 12-Mar-2026 12:02) Posted:
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I don' t really understand how any commercial airliner can be flying into a country against which over 100 ballistic missiles and drones are launched each day and where the airport is a target.
If there is a hit on the plane and there are fatalities is the airline liable? And does insurance cover this? I thought there are normally carve outs for wars unless the insurance is specifically covering such events.
If there is a hit on the plane and there are fatalities is the airline liable? And does insurance cover this? I thought there are normally carve outs for wars unless the insurance is specifically covering such events.
More SIA flights to and from Dubai cancelled due to Middle East conflict
The extended cancellations follow an initial announcement on Mar 1
[SINGAPORE] Singapore Airlines (SIA) has cancelled more flights between Singapore and Dubai till Mar 28 amid continuing unrest in the Middle East.
It said in an advisory on its website on Wednesday (Mar 11) that flights SQ494 (Singapore to Dubai) and SQ495 (Dubai to Singapore) have been cancelled due to &ldquo the geopolitical situation in the Middle East&rdquo .
The extended cancellations follow an initial announcement on Mar 1 that a total of 26 SIA and Scoot flights between Feb 28 and Mar 7 were cancelled after the US and Israel carried out strikes on targets in Iran.
SIA, in a Facebook post on Mar 5, then announced that it will further suspend flights SQ494 and SQ495 until Mar 15.
In its updated advisory on Mar 11, SIA said: &ldquo Customers affected by the flight cancellations will be reaccommodated on alternative flights or can seek a full refund of the unused portion of their ticket.&rdquo
Those who have made bookings through travel agents or partner airlines are advised to contact these parties directly for assistance, it added.
The airline urges passengers to update their contact details or subscribe to a mobile notification service to receive updates on their flight status.
Scoot has also cancelled more flights between Singapore and Jeddah till Mar 17.
The airline, which is SIA&rsquo s low-cost subsidiary, said in an advisory on its website on Mar 10 that flights TR596 (Singapore to Jeddah) and TR597 (Jeddah to Singapore) have been cancelled due to &ldquo the geopolitical situation in the Middle East&rdquo .
The extended cancellations follow an initial announcement on Mar 1
[SINGAPORE] Singapore Airlines (SIA) has cancelled more flights between Singapore and Dubai till Mar 28 amid continuing unrest in the Middle East.
It said in an advisory on its website on Wednesday (Mar 11) that flights SQ494 (Singapore to Dubai) and SQ495 (Dubai to Singapore) have been cancelled due to &ldquo the geopolitical situation in the Middle East&rdquo .
The extended cancellations follow an initial announcement on Mar 1 that a total of 26 SIA and Scoot flights between Feb 28 and Mar 7 were cancelled after the US and Israel carried out strikes on targets in Iran.
SIA, in a Facebook post on Mar 5, then announced that it will further suspend flights SQ494 and SQ495 until Mar 15.
In its updated advisory on Mar 11, SIA said: &ldquo Customers affected by the flight cancellations will be reaccommodated on alternative flights or can seek a full refund of the unused portion of their ticket.&rdquo
Those who have made bookings through travel agents or partner airlines are advised to contact these parties directly for assistance, it added.
The airline urges passengers to update their contact details or subscribe to a mobile notification service to receive updates on their flight status.
Scoot has also cancelled more flights between Singapore and Jeddah till Mar 17.
The airline, which is SIA&rsquo s low-cost subsidiary, said in an advisory on its website on Mar 10 that flights TR596 (Singapore to Jeddah) and TR597 (Jeddah to Singapore) have been cancelled due to &ldquo the geopolitical situation in the Middle East&rdquo .
SIA falls 6% after flight cancellations following US-Israel strikes on Iran Sats down 5.6%
26 SIA and Scoot flights between Feb 28 and Mar 7 cancelled after conflict began
[SINGAPORE] Shares of Singapore Airlines (SIA) : C6L -6.27% and Sats : S58 -6.38% fell on Monday (Mar 2) morning as the US-Israeli war against Iran led to flight cancellations over the weekend.
This mirrored a broader market rout, with the Straits Times Index opening 2.1 per cent lower at 4,891.09 points on Monday, in line with declines in key Asia markets.
On Monday morning, shares of SIA fell as low as S$6.72 as at 9.06 am, down by 6.4 per cent or S$0.46, with 3.5 million shares trading hands.
Shares of Sats dropped as much as 5.6 per cent or S$0.22 to S$3.70 as at 9.07 am, with 1.1 million shares transacted.
This comes after the US and Israel launched strikes against Iran on Saturday, pushing the Middle East into a renewed conflict which has disrupted global air travel, as well as clouded the outlook for a peaceful resolution to the West&rsquo s nuclear dispute with Teheran.
The air strikes led to the shutdown of key Middle Eastern airports including Dubai, the world&rsquo s busiest international hub, amid one of the aviation sector&rsquo s worse shocks in recent history.
Closer to home, 26 SIA and Scoot flights between Feb 28 and Mar 7 were cancelled. The national carrier said it was monitoring the Middle East situation and would adjust flight paths &ldquo as needed&rdquo . It warned that other SIA flights may be affected.
26 SIA and Scoot flights between Feb 28 and Mar 7 cancelled after conflict began
[SINGAPORE] Shares of Singapore Airlines (SIA) : C6L -6.27% and Sats : S58 -6.38% fell on Monday (Mar 2) morning as the US-Israeli war against Iran led to flight cancellations over the weekend.
This mirrored a broader market rout, with the Straits Times Index opening 2.1 per cent lower at 4,891.09 points on Monday, in line with declines in key Asia markets.
On Monday morning, shares of SIA fell as low as S$6.72 as at 9.06 am, down by 6.4 per cent or S$0.46, with 3.5 million shares trading hands.
Shares of Sats dropped as much as 5.6 per cent or S$0.22 to S$3.70 as at 9.07 am, with 1.1 million shares transacted.
This comes after the US and Israel launched strikes against Iran on Saturday, pushing the Middle East into a renewed conflict which has disrupted global air travel, as well as clouded the outlook for a peaceful resolution to the West&rsquo s nuclear dispute with Teheran.
The air strikes led to the shutdown of key Middle Eastern airports including Dubai, the world&rsquo s busiest international hub, amid one of the aviation sector&rsquo s worse shocks in recent history.
Closer to home, 26 SIA and Scoot flights between Feb 28 and Mar 7 were cancelled. The national carrier said it was monitoring the Middle East situation and would adjust flight paths &ldquo as needed&rdquo . It warned that other SIA flights may be affected.
SIA Q3 operating profit up 26% on record revenue net earnings down 69% in absence of one-off gain
Net profit at S$505 million on revenue of S$5.5 billion share of associated companies&rsquo losses including Air India rises by S$163 million
[SINGAPORE] Singapore Airlines&rsquo (SIA) : C6L +1.01% net profit for the third quarter ended December tumbled 68.9 per cent to S$505 million, the national carrier said in a regulatory filing on Tuesday (Feb 24).
The drop was due to the absence of a one-off, non-cash gain of S$1.1 billion booked in the year-ago period, following the disposal of Vistara airline after it merged with Air India in November 2024.
Operating profit for Q3 rose 25.9 per cent to S$792 million on a record quarterly revenue of S$5.5 billion, which was up 5.5 per cent.
Its share of losses from associated companies including Air India rocketed by S$163 million to S$178 million. This was because the group recognised a full-quarter share of the Indian airline&rsquo s losses this year compared with only one month the year before, SIA explained.
Nonetheless, it is &ldquo firmly&rdquo committed to working with partner Tata Sons to support Air India&rsquo s transformation. SIA reiterated its bullishness on the long-term prospects of the joint venture, in which it holds a 25.1 per cent stake.
For Q3 of the 2026 financial year, earnings per share declined to S$0.161, from S$0.547 in the year-ago period.
Net asset value per share stood at S$5.03 as at end-December, higher than the S$4.98 as at end-March.
The airline group carried 10.9 million passengers in Q3 FY2026, 6.3 per cent higher on the year.
Passenger load factor, which is passenger traffic expressed as a percentage of passenger capacity, came in at 87.5 per cent. This was up 0.3 percentage point from the corresponding year-ago period.
But its cargo load factor slid 0.1 percentage point to 56.3 per cent.
The group&rsquo s passenger network covered 134 destinations in 37 countries and territories as at end-December, with the full-service carrier and its budget airline Scoot each serving 79 destinations.
The SIA cargo network comprised 138 destinations in 38 countries and territories.
Nine-month results
Similarly, the group posted a 68.6 per cent decline in net profit to S$743 million for the nine months ended December &ndash despite revenue growing 3.2 per cent to a record high of S$15.2 billion, and operating profit expanding 11.9 per cent to S$1.6 billion.
The lower net profit was attributed mainly to the absence of the one-off gain from the disposal of Vistara, and a higher share of losses from associated companies that stood at S$580 million.
Earnings per share dropped to S$0.243 for the first three quarters, from S$0.751 in the year-ago period.
The airline group carried 31.6 million passengers in the first nine months of FY2026, up 7.4 per cent year on year. Passenger load factor was up 1.1 percentage points at 87.7 per cent.
However, its cargo load factor dropped 0.6 percentage point to 56.5 per cent.
Outlook
The group noted that demand for air travel is healthy heading into the March quarter. But the cargo segment remains uncertain amid trade and geopolitical developments.
SIA shares closed Tuesday at S$7.03, up S$0.07 or 1 per cent, before the financial results were released.
sia should have hedged the oil price at lower price, from chatgpt
SIA publishes its hedging details semi-annually in investor briefings. The average prices they&rsquo ve locked in per barrel (USD) include:
For FY2025/26 and beyond:
📊 Recent Hedged Prices (as of 1 Nov 2025)
SIA publishes its hedging details semi-annually in investor briefings. The average prices they&rsquo ve locked in per barrel (USD) include:
For FY2025/26 and beyond:
| Period (Hedge maturity) | Brent (USD/barrel) | MOPS (jet fuel) (USD/barrel) |
|---|---|---|
| FY25/26 Q3 | ~66 | ~87 |
| FY25/26 Q4 | ~69 | ~85 |
| FY26/27 Q1 | ~69 | ~82 |
| FY26/27 Q2 | ~69 | ~82 |
| FY26/27 2H | ~66 | ~79 |
| FY27/28 & beyond | ~67 | ~79 |
-
Brent hedges average around US$66&ndash US$69 per barrel on many future contracted dates.
If you read this headline today
Oil Hits Six-Month High Amid US-Iran Tensions
you would understand that SIA had to dip today and any uptrend will be short-lived.
you would understand that SIA had to dip today and any uptrend will be short-lived.
On the uptrend. Buying forces all out....
SIA Engineering Co reports 3QFY2026 net profit of $41.9 mil 9MFY2026 net profit of $125.2 mil
SIA Engineering Co (SIAEC) reported a 9.7% year-on-year increase in net profit for 3QFY2026, reaching $41.9 million. This brings the 9MFY2026 net profit to $125.2 million, a 17% increase. The company attributes this growth to steady
demand for MRO services and the successful launch of Base Maintenance Malaysia&rsquo s first hangar.
SIA Engineering Q3 net profit rises 9.7% to S$41.9 million on steady MRO demand
Revenue is up 8.7% at S$353.1 million, while expenditure rises 8.4% to S$347.1 million
[SINGAPORE] Aircraft maintenance provider SIA Engineering Company : S59 +2.59% (SIAEC) reported a net profit of S$41.9 million for the third quarter ended Dec 31, 2025, up 9.7 per cent from S$38.2 million in the year-ago period.
SIAEC said in a bourse filing on Thursday (Feb 19) that its revenue for Q3 FY2026 had risen 8.7 per cent from S$324.8 million in the same period last year, to reach S$353.1 million.
The group said its expenditure rose &ldquo at a lower rate&rdquo by 8.4 per cent to S$347.1 million, citing higher costs for manpower, subcontract services, materials and information technology system implementation, as well as startup costs at two new subsidiaries.
SIAEC&rsquo s operating profit for the quarter was S$6 million, up from S$4.7 million in the year-ago period.
Basic earnings per share was S$0.0374, up from S$0.0342 in Q3 of FY2025.
The group noted that demand for its maintenance, repair and overhaul (MRO) services remained steady as flight handling volumes across its line maintenance network grew it said that flights handled in Singapore increased by about 3 per cent from the previous corresponding period.
SIA Engineering noted that it had also commenced line maintenance operations in Manila from Jan 1, bringing its line maintenance network to 39 airports across nine countries.
&ldquo With increased work volume and new capabilities, together with growth in operational efficiencies and productivity, more component and engine MRO output was delivered during the quarter,&rdquo said SIAEC.
The group also noted that its subsidiary Base Maintenance Malaysia had obtained regulatory approval for the first of its two hangars. The group noted that the second hangar is expected to be operationally ready in the second half of FY2027.
The group&rsquo s share of profits from associated and joint venture companies was S$38.8 million in Q3, up 20.5 per cent year on year. The improvement was buoyed by growth in the group&rsquo s engine and component segment, as well as its airframe and line maintenance segment.
SIAEC said that growth in global passenger traffic, especially in the Asia-Pacific region, will continue to drive demand for MRO services.
&ldquo In light of industrywide supply chain challenges and geopolitical uncertainties, the group remains vigilant and nimble in managing these risks,&rdquo it added.
Shares of SIAEC closed S$0.09 or 2.6 per cent higher on Thursday to reach S$3.57, before the announcement.