Singapore Airlines defends its decision to invest in loss-making Air India: ‘We know the market and how difficult it feels’
Losses at troubled Air India weighed on Singapore Airlines’ profits last year, even as the city-state’s flag carrier posted record revenue and passenger traffic. Singapore Airlines reported a 57.4% drop in net profit to S$1.2 billion ($927 million) for the 2025 fiscal year ended in March. Singapore Airlines lost S$945 million ($739 million) on its…