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Singapore: Singapore Airlines (SIA) Group reported a sharp 57.4 per cent decline in annual net profit for the financial year ended March 31, 2026, as mounting losses at Air India and the absence of a one-time accounting gain from the Vistara merger weighed heavily on the carrier’s bottom line. The airline group posted a net profit of SGD 1.184 billion for FY2025/26, down from SGD 2.778 billion recorded a year earlier. Despite the steep fall in earnings, SIA’s core airline operations remained strong, with the group posting record revenue and higher operating profit driven by sustained passenger demand and network expansion. According to SIA’s earnings report, the biggest factor behind the profit decline was the absence of the SGD 1.098 billion non-cash accounting gain booked in November 2024 following the completion of the Air India-Vistara merger. The previous year’s results had been significantly boosted by that one-off gain after SIA’s stake in Vistara was converted into a 25.1 per cent shareholding in the enlarged Air India Group. At the same time, SIA swung from reporting profits from associated companies last year to posting a SGD 846 million share of losses in FY26, mainly due to Air India’s worsening financial performance. The airline said this year’s accounts reflected a full year of Air India losses, compared to only four months in the previous financial year after the merger completion. Financial disclosures from Singapore Airlines indicated that Air India Group, comprising Air India and Air India Express, recorded losses of approximately SGD 3.56 billion, equivalent to around USD 2.8 billion or more than ₹26,000 crore during FY2025/26. Some reports estimated the losses could be even higher at nearly ₹28,300 crore depending on accounting adjustments and currency conversion methods. The losses mark Air India’s largest annual financial setback since the Tata Group reacquired the airline in 2022. Air India has not yet officially released its standalone FY26 financial statements. Singapore Airlines attributed Air India’s financial pressure to multiple operational and geopolitical challenges, including elevated jet fuel prices, Middle East airspace restrictions, supply-chain disruptions, aircraft delivery delays, and the continued closure of Pakistani airspace for Indian airlines. These factors forced Air India to reroute several long-haul flights, increasing fuel burn and operating costs. The impact of the Iran conflict and the closure of the Strait of Hormuz also emerged as a major concern for SIA itself. The airline warned that higher jet fuel prices resulting from the conflict are expected to weigh more heavily on earnings in the coming fiscal year because fuel costs are reflected on a lagged basis. Air India recently announced significant reductions to its international operations between June and August 2026, including suspending services on several overseas routes and reducing frequencies to destinations in Europe and North America. Routes affected include Delhi-Chicago, Mumbai-New York, and Delhi-Shanghai, while services to Paris, Milan, and Rome are also being reduced. Despite the financial turbulence, Singapore Airlines reiterated its long-term commitment to Air India and described the investment as a “core component” of its multi-hub strategy. The group said its partnership with Tata Sons provides direct access to one of the world’s fastest-growing aviation markets while complementing SIA’s Singapore hub operations. SIA stated that Air India continues to make progress in its fleet renewal and aircraft retrofit programme, customer experience initiatives, and operational performance improvements despite the difficult environment. While net profit fell sharply, Singapore Airlines’ operational performance remained resilient. Group revenue rose five per cent year-on-year to a record SGD 20.55 billion, supported by strong passenger demand, higher yields, and robust travel flows across Asia and Europe. Operating profit climbed 39 per cent to approximately SGD 2.52 billion, and the airline carried a record 42.4 million passengers during the year. The airline also maintained expansion plans despite industry pressures. Reuters reported that SIA intends to continue adding capacity and launching new services, including flights connecting Singapore and Madrid via Barcelona, while increasing frequencies to Manchester, Milan, Munich, and London Gatwick.

Singapore Airlines Profit Drops 57.4% Amid Air India Losses & Missing Vistara Merger Gain

Aviation Today News Desk / May 15, 2026

Singapore: Singapore Airlines (SIA) Group reported a sharp 57.4 per cent decline in annual net profit for the financial year […]

Allegiant To Acquire Rival Sun Country In $1.5 Billion Deal, Expanding Leisure Network

Aviation Today News Desk / January 12, 2026

Las Vegas, United States: U.S. low-cost carrier Allegiant Travel Company has reached a definitive agreement to acquire rival Sun Country

Qatar Airways Group Appoints Hamad Ali Al-Khater As New Group Chief Executive Officer

Aviation Today News Desk / December 10, 2025

Doha, Qatar: Qatar Airways Group has announced the appointment of Hamad Ali Al-Khater as its new Group Chief Executive Officer,

Toronto, Canada: Air Transat is facing potential major flight disruptions after the union representing its pilots issued a 72‑hour strike notice, signaling a possible work stoppage starting Wednesday, December 10. The development comes amid ongoing negotiations over a new collective agreement and raises concerns for travelers ahead of the busy holiday season. The Air Line Pilots Association (ALPA), which represents Air Transat pilots, said negotiations have stalled despite nearly a year of bargaining. Union representatives cite unresolved issues surrounding pay, job security, working conditions, and quality-of-life improvements as the core reasons for the planned strike. Bradley Small, chair of ALPA’s Air Transat contingent, said: “It’s when we start hammering out the compensation side of it that’s where things have become very, very difficult. Unless significant progress is made at the bargaining table, we will strike if that’s what it takes to achieve a modern contract.” In response, Air Transat called the strike notice “premature” and said it remains committed to reaching a resolution. The airline has offered pilots a 59 % salary increase over five years, along with proposed improvements to working conditions. Despite this, Air Transat announced it would begin gradually suspending flights starting Monday, December 8, to prevent a sudden disruption for passengers and crew should the strike proceed. The timing of the notice has raised alarm across the travel industry, as Air Transat typically operates more than 500 weekly flights using nearly 40 aircraft during the holiday season. The airline said it will keep passengers informed of cancellations and alternative arrangements, while urging travelers to check flight statuses regularly. The current collective agreement, signed in 2015, governs pilot compensation and working conditions. ALPA has argued that the contract has become outdated and fails to reflect the current realities of airline operations, including longer duty hours and evolving safety standards. Industry analysts say the strike notice could have significant ripple effects, especially at Toronto Pearson International Airport and other major Canadian hubs, which often see peak travel volumes during December. Travelers are advised to monitor airline communications and plan for potential delays or cancellations. As negotiations continue, both sides have expressed a desire to reach a resolution. However, with the strike window now officially open, the likelihood of flight disruptions in the coming days appears high.

Air Transat Faces 72-Hour Pilot Strike Notice, Threatening Major Flight Disruptions

Aviation Today News Desk / December 8, 2025

Toronto, Canada: Air Transat is facing potential major flight disruptions after the union representing its pilots issued a 72‑hour strike

Sydney, Australia: Virgin Australia on 28th November, announced a landmark agreement with OpenAI, becoming the first Australian airline to integrate with ChatGPT a move the airline says will redefine how customers plan and shop for travel. Under the new partnership, Virgin Australia plans to leverage OpenAI’s developer tools (including the recently announced Apps SDK) to embed its flight-search and travel-planning capabilities within ChatGPT. This means that users will soon be able to describe their travel needs in natural language, for example, “Find me flights from Melbourne to Bali in March with return after two weeks” and receive tailored flight options from Virgin Australia’s real-time inventory. Virgin says the new integration is part of its broader ambition to create a more personalised, convenient and connected travel experience. According to the airline’s statement, the collaboration aims to make flight-search, booking and travel planning “as simple as chatting.” The deal covers not only customer-facing services, but also internal tools: Virgin Australia employees will obtain secure, enterprise-grade access to OpenAI’s platform to support back-office operations, data analytics, demand forecasting, dynamic pricing and revenue management. “This collaboration marks an important step forward in the next stage of our digital transformation,” said Virgin Australia CEO Dave Emerson. “By being present where our customers already are, such as ChatGPT, we’re making it easier and more convenient to connect with Virgin Australia.” From OpenAI’s side, the partnership reflects the firm’s ambition to expand generative-AI adoption beyond traditional sectors, embedding conversational AI into real-world industries with high customer engagement and frequent transactions like aviation and travel. Virgin Australia’s history of adopting technology-driven innovations may have laid the groundwork. The airline previously implemented AI-powered tools such as its AI Trip Planner (for tailored itineraries and fare/seat availability), as well as data-driven demand forecasting and dynamic airfare pricing. Integrating OpenAI’s platform now signals a shift from backend or individual digital tools toward a fully conversational, AI-driven retail interface. Industry observers say this could mark the start of a broader transformation in airline retailing: enabling travellers to plan and book travel with the simplicity of a chat conversation bypassing traditional airline websites or OTAs (online travel agents). For travellers, this could mean easier discovery of itineraries, simpler comparisons, more personalised suggestions, and less friction in planning multi-leg or flexible-date trips. However as with any nascent technology deployment some caveats remain. The airline notes that work on the ChatGPT-based service is just beginning: initial rollout will likely be phased, with features and user experience refined over time. For customers who may soon rely on ChatGPT for booking: careful verification of schedules, fares and personal preferences will remain critical especially while the integration is being tested and refined.

Virgin Australia To Embed Real-Time Flight Search And Travel Planning Inside ChatGPT

Aviation Today News Desk / November 28, 2025

Sydney, Australia: Virgin Australia on 28th November, announced a landmark agreement with OpenAI, becoming the first Australian airline to integrate

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