The Bad PlaceUS Top News and Analysis | Singapore Airlines sticking with Air India for the "long game" despite losses
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Singapore Airlines’ stake in Air India has been a drag on its earnings, with Air India posting a loss of SG$3.56 billion (US$2.8 billion) for the June‑August period, of which SG$945.2 million was attributable to Singapore Airlines. Despite the steep loss and operational setbacks—including closed Pakistani airspace, a fatal crash, and disruptions from the Iran war that forced the carrier to cancel a third of its flights—SIA’s CEO Goh Choon Phong says the airline will continue supporting Air India as part of a long‑term transformation plan. SIA recorded record revenue of SG$20.5 billion for the year but saw net profit fall 57 % to SG$1.18 billion, mainly because of the Indian partner’s performance. Analysts acknowledge the venture is strategic and likely unprofitable in the short run, but expect it could pay off as India expands airport infrastructure and demand for air travel grows.
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