Fuel Shock Clips SIA's Wings Even as Air India Bet Holds Firm
Singapore Airlines (SIA) posted a record quarterly revenue of USD 5.71 billion for the first quarter of FY2026/27 — yet walked away with a net loss of USD 76 million. The paradox is almost entirely explained by one word: fuel.The Numbers Tell Two Stories at OnceThe SIA Group carried a record 10.9 million passengers between April and June 2026, up 6.3 per cent year-on-year, with passenger revenue climbing 18.6 per cent to USD 4.58 billion. Cargo revenue surged 33.5 per cent to USD 708 million, driven by semiconductor and data centre-related freight movements. Group revenue rose 19.3 per cent to a historic USD 5.71 billion.And yet, the Group'...
