Singapore Airlines reported its first quarterly net loss since 2022, even as revenue increased. The result suggests that stronger sales were not enough to counter a sharp rise in operating pressures during the period.
A major factor was the jump in jet-fuel prices. The airline indicated that tensions in the Middle East drove fuel costs higher, and that increase weighed heavily on earnings. Fuel is one of the biggest expenses for any carrier, so sudden price moves can quickly erode profitability.
The company also faced a bigger impact from Air India, with a higher share of losses from that business adding to the pressure. Combined with more expensive fuel, those losses offset the benefit of improved revenue and pushed the quarter into the red.
The latest result highlights how exposed airline profits remain to geopolitical risk and external investments. For Singapore Airlines, rising revenue was not enough to avoid a loss when fuel markets moved against the industry and losses linked to Air India increased.
