Net profit fell sharply, but SIA’s underlying business had a record yearThere are few companies Singaporeans watch as closely as Singapore Airlines (SIA). Its aircraft carry the Singapore flag around the world, its cabin crew have become national icons, and its service standards are often treated as a reflection of Singapore itself. It carried more passengers, generated more revenue and earned a higher operating profit than ever before. Here’s what I took away from the 2026 Singapore Airlines annual general meeting.At first glance, SIA’s results looked disappointing. Net profit fell 57%,...