Singapore Airlines Half-Year Profits Plummet After Air India Losses

Singapore Airlines Group has reported a fall in profits over the first half of FY2025, driven by losses at Indian national carrier Air India , in which SIA Group holds a 25% stake. The company also cited lower interest income and stronger competition driving down yields, which led to a year-on-year drop in net profit from $742 million to $239 million, representing a 67% reduction.

The airline began accounting for Air India's earnings in its own results after Vistara, in which SIA held a 49% stake, was merged into Air India in late 2024.

Singapore Half-Year Net Profits Down

As per the airline group's half-year earnings report for FY2025, despite posting a robust operating profit of $803 million, its net profit dropped by 67.8% to $239 million. Net profit for Q2 2025 saw an even