SIA Group Reports Profit Surge Amid Fuel Price Concerns and Middle East Conflict Impact
Singapore Airlines Group (SIA Group) has reported a 39% increase in operating profit for the fiscal year ending March 2026, reaching S$2.4 billion ($1.9 billion). This growth is attributed to a 5% rise in revenues, marking the group's highest revenue on record. The airline carried 42.4 million passengers, a 7.7% increase from the previous year. However, SIA Group is bracing for the full impact of a recent spike in jet fuel prices, which is expected to affect the fiscal year ending March 2027. The group has raised airfares to offset rising fuel costs, but these adjustments have not fully compensated for the increased expenses. Additionally, the ongoing Middle East conflict has shifted demand towards Asia-Pacific carriers, benefiting SIA Group. 
