Singapore Airlines’ Air India Loss Share Falls to S$361.7m

Singapore Airlines’ share of Air India’s losses fell to S$361.7 million in the six months ended September 2026, down S$67.8 million from the same period a year earlier. The reduction reflected reversals of provisions Singapore Airlines had made in prior years, its chief financial officer said, rather than an improvement in Air India’s underlying losses.

The loss share was recorded under equity accounting, which links Singapore Airlines’ reported results to its 25.1% investment in Air India. Singapore Airlines’ interim financial statements put the carrying value of that investment at S$799.9 million at the end of September, down from S$1.1 billion at the end of March. The company said the fall reflected its share of Air India’s losses.

Chief Financial Officer Tan JoAnn attributed the lower first-half loss share to reversals of earlier provisions at a post-earnings briefing. She did not disclose the amount reversed. As a result, the year-over-year decline in Singapore Airlines’ share of losses does not by itself show that Air India’s own financial performance improved.

Singapore Airlines’ share of Air India’s losses was S$429.5 million in the corresponding six-month period of...