Singapore Airlines Ltd. (C6U.SI), the flag carrier of Singapore, on Wednesday recorded a decline in net profit for the first-quarter, mainly due to higher expenditure.
However, the Group posted an increase in revenue, supported by higher passenger flown revenue, capacity growth, and strong load factors.
Available seat-km was 42.819 billion, compared with 38.150 billion in 2023. Passenger load factor slipped to 86.9 percent from last year's 88.9 percent.
For the three-month period, the airline reported net income of $452 million, lower than $734 million, registered for the same period of previous year.
Operating profit decreased to $470 million from last year's $755 million. Fuel cost before hedging stood at $1.419 billion as against previous year's $1.154 billion. Net fuel cost was up at $1.370 billion, compared with $1.053 billion in 2023.Revenue was $4.718 billion, up from $4.479 billion a year ago.
Passenger flown revenue rose by $152 million to $3.828 billion, supported by a 13.8 percent increase in passengers carried, despite a 4.6 percent decline in yields. Revenue passenger-km moved up to 37.220 billion from previous year's 33.932 billion.
For comments and feedback contact: editorial@rttnews.com
Business News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.