Air India inflicts $945 million hit on Singapore Airlines, dragging FY26 profit down 57%

Air India’s losses dragged down Singapore Airlines’ profitability successful fiscal twelvemonth 2025-26, with the Tata Group hose contributing a deed of $945.2 cardinal to the Singapore carrier’s bottommost enactment successful the archetypal afloat twelvemonth since the Air India-Vistara merger.

Singapore Airlines (SIA), which holds a 25.1% involvement successful Air India, reported a 57.4% autumn successful full-year nett net to $1.18 cardinal adjacent arsenic operating nett surged 39% to $2.4 billion. The fiscal twelvemonth 2025-26 marks the archetypal afloat twelvemonth successful which SIA absorbed the interaction of Air India’s losses aft acquiring its involvement successful the merged Air India-Vistara entity successful November 2024.

In a property connection connected Thursday (May 14, 2026), the hose attributed the crisp diminution successful nett net to “the lack of a anterior twelvemonth one-off accounting gain, coupled with the stock of afloat twelvemonth losses from Air India”.

Last year, SIA had benefited from a $1.098 cardinal non-cash accounting summation arising from the completion of the Air India-Vistara merger. In comparison, FY25 reflected lone 4 months of vulnerability to Air India’s losses, portion FY26 accounted for the full year.