Singapore Airlines’ June Win In June 59% delves into the losses of Air India, other factors

The profit of Singapore Airlines Group fell nearly 59 percent to 186 million Singapore dollars in the quarter of June as losses from Air India and other associated companies, along with a lower interest income, his bottom line cuts.

Singapore Airlines, with an interest of 25.1 percent in loss -making Air India, saw its total turnover rise by 1.5 percent to SGD 4.79 billion, while net profit fell 58.8 percent to SGD 186 million in the quarter of June compared to the period of the year ago.

In addition to the lower business profit, the reduction in net profit was largely due to a lower interest income on the back of lower cash balds and interest rate letings, the airline said in a statement on Monday.

The group also registered “Losing a share of corresponding companies compared to a share of the profit for the same quarter last year (-sgd 122 million), in particular from the financial results of Air India, who did not partly part of the results of the group for the same quarter last year,” said it.

Singapore Airlines Group started Equity Accounting for Air India’s financial performance from December 2024, after the full integration of Vistara in Air India.

According to the statement, the demand for air travel in the second quarter of FY2025-26 in most route areas remains because of the traditional summer peak. “However, the global aviation industry remains confronted with a volatile operational environment, with challenges ranging from geopolitical developments and macro -economic fluctuations to changing market dynamics and limitations of the Supply Chain. The group will be agile and proactive in responding to demonstrations,” said the explanation, “.

Air India has recently been confronted with different headwinds. On June 12, Air India’s Boeing 787-8 plane crashed on his way to London Gatwick in a building shortly after he left Ahmedabad, killing 260 people.