Losses at struggling Air India helped to drag down profits at Singapore Airlines last year, even as the city-state’s flagship carrier reported record revenue and passenger traffic.
SIA reported a 57.4% drop in net income to 1.2 billion Singapore dollars ($927 million) for its 2025 fiscal year, which ended in March. Profits were partially eroded by a loss of 945 million Singapore dollars ($739 million) from SIA’s investment in Air India. The airline still reported record revenue of $20.5 billion, buoyed by strong global demand for air travel. SIA and its low-cost subsidiary Scoot carried 42.4 million passengers.
