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Singapore Airlines Sees Record Revenue but Air India Losses Drag Net Profit Down 57%
NEWS
5/15/2026AI summary

Singapore Airlines Sees Record Revenue but Air India Losses Drag Net Profit Down 57%

Singapore Airlines reported a record revenue of SGD 20.5 billion for FY2024, with operating profit up 39% to SGD 2.38 billion, driven by higher demand and yields. However, net profit plunged 57.4% to SGD 1.18 billion due to losses from its 25.1% stake in Air India, exacerbated by the Iran war, Pakistan airspace closure, and a major crash, forcing Air India to cancel nearly a third of its flights during peak travel season. Analysts expect SIA to inject more capital into Air India, potentially constraining dividend capacity, though the long-term strategic bet on India's growing aviation market is expected to eventually pay off.

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CNBC
Wall Street giants lead China-profit surge despite market polarisation, uneven recovery
NEWS
5/8/2026

Wall Street giants lead China-profit surge despite market polarisation, uneven recovery

Overseas-invested securities firms collectively saw income from their China businesses skyrocket in 2025, as combined net profits climbed more than fourfold from a year earlier to 2.65 billion yuan (US$390 million), according to their annual reports. However, while the industry’s bottom line surged last year – fuelled by China’s lifting of capital restrictions and a rebound in the capital market – the individual performances of firms showed a widening gap in scale. A South China Morning Post...

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SCMP Economy
HSBC profit flat as Middle East provisions offset wealth growth
NEWS
5/5/2026

HSBC profit flat as Middle East provisions offset wealth growth

HSBC, Hong Kong’s largest lender, reported broadly flat first-quarter profit as lower interest rates and provisions linked to the Middle East conflict offset solid growth in its wealth management business. Net profit for the first three months of 2026 rose 0.14 per cent year on year to US$6.94 billion, or 41 US cents per share, the London-based bank said in a Hong Kong stock exchange filing on Tuesday. The result missed the US$7.07 billion consensus estimate of 17 analysts polled by the...

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SCMP Economy