Singapore Airlines Reports S$210 Million Second Quarter Profit

Singapore Airlines Ltd. returned to profitability in the second quarter ending September 30, reporting a net income of S$210 million, which is four times the previous year's result. Revenue increased 14% to S$5.6 billion, supported by resilient passenger demand, higher fares, and a surge in air cargo volumes linked to the semiconductor trade and the AI boom.

The carrier transported nearly 10.9 million passengers, marking its second-best quarter on record. Despite these gains, the company faced S$436 million in additional net jet fuel costs resulting from tensions in the Middle East. Operating profit still grew to S$463 million.

Financial performance was further aided by a S$110 million decrease in losses from associates, including Air India, where the company holds a 25.1% stake. In response to the growth, the airline announced a S$2 billion upgrade to its long-haul aircraft fleet and declared a total first-half dividend of 7 Singaporean cents per share, which includes a 5-cent special interim dividend.