Singapore Airlines: Flying High, Landing Heavy In India

Singapore Airlines - Phillip Securities 2025-11-24: Flying High, Landing Heavy In India

Singapore Airlines: Flying High, Landing Heavy In India

SGinvestors.io

Published: 2025-11-28 03:40 AM

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SIA's 1HFY26 PATMI (ex-associates) / with associates declined by 15.1% / 67.9% y-o-y to S$595m / S$239m, forming 59% / 24% of full-year estimates. The decline was due to a S$375m associate loss, which is largely attributable to Air India. A S$103m reduction in interest income further compounded the loss, arising from lower cash balances following dividend payouts and loan repayments, coupled with interest rate cuts.

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The Positives

Strong operating performance.

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Above is an excerpt from a report by Phillip Securities Research.
Clients of Phillip Capital may be the first to access the full PDF report @ https://www.stocksbnb.com/.

SGinvestors.io

Hashim Osman Phillip Securities Research | https://www.poems.com.sg/ 2025-11-24

Read also Phillip's most recent report:
2026-05-19 Singapore Airlines - Weighed Down By Associates.

Previous report by Phillip:
2026-03-02 Singapore Airlines - Passengers Soar, Cargo Tumbles, Air India Lingers.

Price targets by 4 other brokers at SIA Target Prices.

Listing of research reports at SIA Analyst Reports.

Relevant links:
SIA Share Price History,
SIA Announcements,
SIA Dividend Payout Dates & Corporate Actions,
SIA News