Singapore Airlines reports first quarterly loss since Covid-19 pandemicSingapore Airlines (SIA) has reported a net loss of S$76 million in the first quarter (1Q) of this financial year, despite enjoying record revenue. Fuel cost before hedging more than doubled in 1Q on elevated fuel prices and higher consumption, pushing up net fuel cost by 78.5% to S$2.25 billion. Air India posted a record loss last FYSIA’s net results were further weighed down by Air India, which posted a record loss of S$3.56 billion for FY2025/2026, according to SIA’s annual report in May. Nevertheless, it took on a higher share of losses from Air India, it added. In fact, SIA’s 25.1% stake in Air India is “a key pillar of its multi-hub strategy”, it maintained.