This Wednesday, $SIA(C6L.SI)$ surged to a seven-month intraday high of S$7.19. Despite intensifying industry competition and downward pressure on pricing, SIA's Passenger Yield unexpectedly staged a turnaround. Is this a short-term technical bounce, or the starting gun for a new bull cycle? 1. Record Revenue vs. "Halved" Profit? The Biggest Surprise is Yield Pivot According to the 3QFY2026 (third quarter) results, SIA delivered a set of paradoxical figures: Revenue: Reached S$5.51 billion, up 5.5% year-on-year, setting a new quarterly record. Net Profit: S$505 million, a year-on-year plunge of 68.9%. The profit crash was not due to poor operations, but rather a high base effect. Last year’s quarter included a S$1.1 billion one-off accounting gai
SIA Record Revenue! But Profit Declines, Does One-Off Effect Matter?
Singapore Airlines has reported a record quarterly revenue of $5.51 billion for 3QFY2026, an increase of 5.5% over the year-earlier period. However, earnings for the same quarter, at $505 million, was down 68.9% y-o-y as the year-earlier quarter was distorted by a one-off accounting gain of $1.1 billion.
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