Singapore Airlines Ltd. · SGX:C6L
Singapore Airlines — Q1 FY26/27 Earnings Presentation
20 slides from Singapore Airlines's earnings presentation, Jul 29, 2026
Slide 1: SIA Group Business Update Q1 FY26/27 Results
SIA Group Business Update Q1 FY26/27 Results (Ended 30 June 2026) 29 July 2026 The copyright in this material (other than in respect of information from external sources) is owned by Singapore Airlines Ltd. Singapore Airlines Ltd has not independently verified the information from external sources.
Slide 2: Presentation by Chief Financial Officer
PRESENTATION BY: Chief Financial Officer Ms Tan JoAnn The copyright in this material (other than in respect of information from external sources) is owned by Singapore Airlines Ltd. Singapore Airlines Ltd has not independently verified the information from external sources. This material may not be
Slide 3: Group Financial Results Key Highlights
Group Financial Results Key Highlights Record Revenue Total Expenditure 5,714 million 5,609 million +19.3% YoY +27.9% YoY Pax Flown Revenue Cargo Revenue Net Fuel Cost Surge Non-Fuel Cost 4,582 million 708 million 2,253 million 3,356 million +18.6% YoY +33.3% YoY +78.5% YoY +7.4% YoY Record Revenue,
Slide 4: Key Results of the Group's Main Companies
Key Results of the Group’s Main Companies Q1 Q1 Better/ FY26/27 FY25/26 (Worse) ($’M) ($’M) (%) Full-service carrier Operating Profit 128 424 (69.8) Low-cost carrier Operating Loss (32) (17) (88.2) Operating Profit 13 5 160 SIAEC Group Net Profit 40 43 (7.0) Note: The financial results on this slide
Slide 5: Group Operating Statistics
Group Operating Statistics Passenger capacity was up 5.9% as SIA Group seized opportunities for growth Passenger Airlines Capacity SIA ASK Scoot ASK Group ASK Q1 FY26/27 Q1 FY26/27 Q1 FY26/27 (YoY) (YoY) (YoY) +4.2% +12.3% +5.9% Slide 5 The copyright in this material (other than in respect of inform
Slide 6: Group Operating Statistics
Group Operating Statistics Cargo capacity was up 0.5%, and overall capacity rose 3.6% from last year Passenger Airlines Capacity SIA ASK Scoot ASK Group ASK Q1 FY26/27 Q1 FY26/27 Q1 FY26/27 (YoY) (YoY) (YoY) +4.2% +12.3% +5.9% Cargo Capacity and Overall Capacity Cargo CTK Group Overall CTK Q1 FY26/2
Slide 7: Group Revenue: Record Quarterly Revenue
Group Revenue Record quarterly revenue driven by higher yields and strong demand for both Passenger and Cargo business Group Revenue ($'M) Record Quarterly Revenue Previous Record 5,506.2 5,714.2 Record 5,340.6 4,884.8 Quarterly Revenue 4,790.4 708.1 580.6 515.1 530.5 540.6 Q1 FY26/27 $5,714.2M 4,49
Slide 8: Group Financial Results
Group Financial Results Significant surge in fuel prices resulted in more than doubling of fuel cost, weighed on record quarterly revenue, lowering operating profit Q1 Q1 Better/ Better/ FY26/27 FY25/26 (Worse) (Worse) ($’M) ($’M) ($’M) (%) Total Revenue 5,714 4,790 924 19.3 Total Expenditure 5,609
Slide 9: Group Operating Statistics - Passenger
Group Operating Statistics - Passenger RASK rose 12.6% year-on-year, supported by higher yields, which grew 12%. Group Airlines carried record 10.9M passengers, 6.3% higher than last year Q1 FY26/27 RASK: 9.8¢/ask (+12.6% YoY) PLF: 87.1% (-0.5%pts YoY) PLF (%) RASK (₵/ask) 9.8 100 9.5 10 8.7 FY19/20
Slide 10: SIA and Scoot Operating Statistics - Passenger
SIA and Scoot Operating Statistics - Passenger Fare increase and robust travel demand supported strong year-on-year RASK improvement for FSC and LCC FSC: SIA Operating Statistics LCC: Scoot Operating Statistics PLF (%) Q1 FY26/27 RASK Q1 FY26/27 RASK PLF (%) RASK: 10.7¢/ask (₵/ask) RASK: 6.6¢/ask (₵
Slide 11: Group Operating Statistics - Cargo
Group Operating Statistics - Cargo Higher cargo loads (+4.0%) and yields (+28.1%) supported by strong demand and constrained capacity Q1 FY26/27 Yield: 44.2¢/ltk Cargo Yield CLF (%) CLF: 58.8% (₵/ltk) 100 50 44.2 40 80 34.5 35.1 FY19/20 Yield 30 (30.5¢/ltk) 60 FY19/20 CLF (59.3%) 58.8 56.9 55.9 20 4
Slide 12: Group Expenditure Q1 FY26/27 $5,608.7M
Group Expenditure Total expenditure rose year-on-year, driven primarily by the sharp rise in fuel costs, which is the single largest Group expenditure (40% of total expenditure) Group Expenditure ($'M) 5,608.7 4,486.4 4,714.3 4,560.9 Q1 FY26/27 4,385.9 $5,608.7M 3,355.8 3,123.9 3,201.1 3,354.0 3,443
Slide 13: Net Fuel Cost and Fuel Hedging
Net Fuel Cost and Fuel Hedging Steep net fuel cost increase driven mainly by fuel price surge arising from the Middle East conflict, partially offset by a swing from hedging loss in the prior year to a gain this year Group Fuel Cost Analysis ($'M) +1459.3 -436.6 -73.7 2,252.9 Hedging gain vs Depreci
Slide 14: Group Operating Profit Q1 FY26/27 $105.5M
Group Operating Profit Higher expenditure, driven mainly by significantly higher fuel cost, outweighed revenue growth, lowering Q1 FY26/27 operating profit Group Operating Profit ($'M) 791.9 779.7 Q1 FY26/27 $105.5M YoY $299.0M 404.5 398.4 (-73.9%) 105.5 Q1 Q2 Q3 Q4 Q1 FY25/26 FY26/27 Slide 14 The c
Slide 15: Operating Profit (YoY progression)
Group Operating Profit (YoY progression) Higher expenditure, driven mainly by significantly higher fuel cost, outweighed revenue growth, lowering Q1 FY26/27 operating profit Group Operating Profit ($'M) Higher net +177.6 fuel cost +720.0 Higher cargo revenue Includes: • Higher depreciation & leased
Slide 16: Group Net Loss Q1 FY26/27 -$75.8M
Group Net Loss Net loss due to the decline in operating profit and higher share of losses from associated companies, mainly Air India Group Net Performance ($'M) 504.6 440.9 Q1 FY26/27 -$75.8M 186.1 YoY $261.9M 52.4 (n.m.) -75.8 Q1 Q2 Q3 Q4 Q1 FY25/26 FY26/27 Slide 16 The copyright in this material
Slide 17: Group Net Loss
Group Net Loss Net loss due to the decline in operating profit and higher share of losses from associated companies, mainly Air India Group Net Performance ($'M) Lower 186.1 operating profit -$261.9M (n.m.) Higher share of losses from +85.3 Others Higher net associated interest expense companies -0.
Slide 18: Group Financial Position
Group Financial Position Strong balance sheet As at As at 30 June 2026 31 March 2026 Total assets ($’M) 43,132.2 43,412.7 Total debt ($’M) 10,743.9 10,644.7 Total cash and bank balances ($’M) 9,100.2 7,931.2 Fixed deposits (placed for tenors longer than 12 months) ($’M) 1,377.6 1,689.8 Total liabili
Slide 19: Group Financial Results: EPS and EBITDA
Group Financial Results Q1 FY26/27 Q1 FY25/26 (Loss)/Earnings per share (cents) - Basic R3 (2.4) 6.3 - Diluted R4 (2.4) 6.1 EBITDA ($’M) R5 702.4 1,015.1 EBITDA margin (%) R6 12.3 21.2 R3 (Loss)/Earnings per share (basic) is computed by dividing (loss)/profit attributable to owners of the Company by
Slide 20: Thank You
Thank You The copyright in this material (other than in respect of information from external sources) is owned by Singapore Airlines Ltd. Singapore Airlines Ltd has not independently verified the information from external sources. This material may not be modified, reproduced, distributed, republish
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