Air India posted a full-year loss of US$2.79 billion (₹26,798 crore), inflicting a US$743 million hit on Singapore Airlines’ bottom line in the first full year since the carrier acquired a 25.1% stake in the Tata Group airline, dragging it into a sharp profit decline despite record operating profit.
Singapore Airlines (SIA), which holds a 25.1% stake in Air India, reported a 57.4% fall in full-year net profit to $930 million (SGD $1.18 billion) even as operating profit surged 39% to $1.89 billion (SGD 2.4 billion). Its annual statement also showed Air India’s hefty annual losses.
A reckoning for India’s aviation sector
The financial year 2025-26 marks the first full year in which SIA absorbed the impact of Air India’s losses after acquiring its stake in the merged Air India-Vistara entity in November 2024.
Air India slashes North America flights by 40%, cuts global network by 27%
