SIA posts record $11.3b half-year revenue, but profits fall 43.9% amid high jet fuel prices
National carrier Singapore Airlines (SIA) posted a net profit of $134 million in the first half of 2026 amid a record $11.3 billion revenue, the group reported on Wednesday (Nov 11).But despite total revenue growing by 16.8 per cent to better the $9.67 billion revenue posted in the same period last year, net profit fell by 43.9 per cent — from $239 million in the first half of its last financial year — to $134 million.This was mainly due to high fuel costs, which grew 90.3 per cent to over $4.7 billion, weighing down revenue from record passenger carriage and robust cargo yield, SIA pointed out.In the first half of its 2026/2027 financial year, SIA and Scoot saw passenger flown revenue reach nearly $9.1 billion as they carried a record 21.8 million passengers.This, as passenger yields grew 12.1 per cent to 11.1 cents per revenue passenger-kilometre, while cargo revenue grew 30.2 per cent to over $1.39 billion.Meanwhile, non-fuel expenditure rose by 6.8 per cent to $429 million, driven by overall capacity expansion and inflationary cost increases, the group said.