SIA sinks into the red with S$76 million Q1 loss as fuel costs jump

Singapore Airlines (SIA) reported a net loss of S$76 million for the first quarter of fiscal year 2026, swinging into the red due to a sharp increase in fuel costs. Despite the loss, the airline achieved a record quarterly revenue of S$5.7 billion, representing a 19.3% increase year-on-year. The financial results highlight the impact of rising operational expenses, particularly jet fuel prices, on the airline's profitability. SIA noted that macroeconomic and geopolitical uncertainties continue to pose challenges to the aviation industry. The report was published by The Business Times on July 28, 2026, authored by Deon Loke.