Why did Singapore Airlines Q3 profit rise but net profit fall?

Operations improved with record S$5.5 billion revenue and a 25.9% jump in operating profit to S$792 million. Net profit fell 69% to S$505 million because last year included a one-off gain linked to the Air India Vistara merger, while higher fuel costs also weighed on margins.

How did SIA Q3 results affect the Singapore Airlines share price?

The Singapore Airlines share price traded up 3.02% to S$7.17, near the Bollinger upper band at S$7.19. Heavy volume signaled strong interest after SIA Q3 results. With RSI at 77.74, the stock looks overbought, so consolidation or a pullback toward S$6.70–S$6.76 would not be unusual.

What does the Air India Vistara merger mean for SIA now?

Last year’s one-off gain from the Air India Vistara merger flattered the base, making this quarter’s net profit look weaker. Going forward, investors should watch Air India group losses and integration updates, as these can affect associates’ contributions and sentiment toward Singapore Airlines’ earnings quality.

Is C6L.SI attractive on valuation after the Q3 print?

At a 9.9x P/E, 1.34x price-to-book, and a 5.41% dividend yield, valuation appears reasonable for a premium carrier. Singapore Airlines Q3 profit supports the case for steady yields, but fuel volatility and Air India-related losses argue for staggered entries, ideally on pullbacks toward S$6.70–S$6.76.

Global Market Insights

C6L.SI Stock Today, February 26: Q3 Beat, Record Revenue vs Fuel Drag

ByDanny Kontos February 25, 2026February 25, 2026

Singapore Airlines Q3 profit is back in focus after a strong operating beat and record revenue. Shares of C6L.SI traded higher today at S$7.17 as investors weighed firm demand against rising fuel. Operating profit rose 25.9% year on year to S$792 million on S$5.5 billion revenue, while net profit fell to S$505 million due to last year’s one-off Vistara gain and higher fuel. We break down what the results mean for Singapore investors and how Singapore Airlines Q3 profit shapes the outlook.