Singapore Airlines FY25/26: The Profit Collapse Behind the Record Revenue | EP1609🦖

The Investing Iguana
05-15

Singapore Airlines FY25/26: The Profit Collapse Behind the Record Revenue | EP1609🦖

Net profit fell fifty-seven point four percent year-on-year to one point one eight four billion Singapore dollars — yet management led their presentation with record revenue and a thirty-nine percent rise in operating profit. The disconnect is not cosmetic. A fifty-thousand-dollar holding just lost eight hundred seventy-seven dollars in annual dividend income, and the lagged jet fuel cost buried in the March accounts means the full fuel shock has not yet hit the bottom line. If management can celebrate a profit collapse this severe while headlining a revenue record, what does that tell you about the priorities protecting your retirement capital?

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