Singapore Airlines net profit drops 69 percent amid rising fuel costs and merger effects

Singapore Airlines saw profits fall to 505 million dollars due to high fuel costs. The drop reflects the lack of a one-off gain seen in the previous year.

Singapore Airlines reported a nearly 69% decline in third-quarter net profit to S$505 million for the three months ended December 31. The results, announced on 24 February 2026, represent a significant drop from the S$1.63 billion net profit recorded in the corresponding period of the previous year. This performance for the carrier based in Singapore SGSG was heavily influenced by the absence of a specific financial boost seen in the prior year.
A Singapore Airlines plane is seen among aircraft in the static display at the Singapore Airshow in Singapore on February 16, 2022. REUTERS/Caroline Chia
A Singapore Airlines plane is seen among aircraft in the static display at the Singapore Airshow in Singapore on February 16, 2022. REUTERS/Caroline Chia
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