Singapore Airlines announced a significant 57.4% decline in its net profit for the fiscal year 2025-26, dropping to $929.4 million from $2.18 billion the previous year. This downturn was largely influenced by the mounting losses at Air India, in which Singapore Airlines holds a 25.1% stake. The airline reported a $742 million share of losses from Air India, leading to inferred total losses for the Indian carrier of approximately $2.96 billion (around ₹28,337 crore). This figure starkly contrasts with Air India's reported net loss of ₹10,859 crore for FY25. Singapore Airlines attributed its profit decline to the absence of a one-time non-cash gain of $861.9 million recognized after the Air India-Vistara merger in November 2024 and the full-year accounting of Air India's losses. Despite these challenges, Singapore Airlines emphasized its commitment to Air India, viewing the investment as crucial to its long-term strategy in the growing aviation market. The airline is collaborating with Tata Sons to support Air India's multi-year transformation, while also expanding their codeshare arrangement to include 82 destinations across 27 countries.