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Bloomberg • Danny Lee

Singapore Airlines’ half-year net profit falls 44% as fuel costs surge

Singapore Airlines Group reported interim net profit of S$134 million, down from S$239 million a year earlier, while operating profit fell 29%. A sharp rise in jet fuel costs linked to the Middle East conflict outweighed revenue growth; strong passenger and cargo demand helped temper costs, but the group warned of possible spillover effects on demand.

2026-11-11T02:13:18.406189-08:00

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Singapore Airlines’ half-year net profit falls 44% as fuel costs surge

Singapore Airlines Group reported interim net profit of S$134 million, down from S$239 million a year earlier, while operating profit fell 29%. A sharp rise in jet fuel costs linked to the Middle East conflict outweighed revenue growth; strong passenger and cargo demand helped temper costs, but the group warned of possible spillover effects on demand.

5 sources Bookmark this story

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