SIA says any anniversary dividend would need board and shareholder approval
The carrier’s quarterly net profit rose to S$209.7 million, but weaker first-quarter earnings weighed on its half-year result.
Singapore Airlines (SIA) has not excluded an extra dividend for its 80th anniversary, although chief executive Goh Choon Phong offered no commitment at a 12 November earnings briefing. He said any additional distribution would first require clearance from both directors and shareholders.
For FY2027’s first half, which ended in September, the airline announced two interim payments: an ordinary dividend worth S$0.02 per share and a special dividend worth S$0.05 per share. Goh said shareholders would have to await announcements on any further payout.
Chief financial officer Tan JoAnn said SIA was prepared to meet Singapore Exchange Regulation’s new dividend-policy requirement. The airline does not currently have such a policy. The requirement covers annual reports for financial years starting from 1 January 2027; the regulator said its purpose was transparency, rather than compulsory distributions.
SIA’s second-quarter results showed net profit rising fourfold to S$209.7 million against S$52.4 million a year earlier. Stronger operating performance helped, alongside a reduced share of Air India’s losses following reversals of earlier provisions. Revenue increased by 14.3 per cent, reaching a quarterly record of S$5.6 billion.
Cargo brought in S$686 million, a 26.9 per cent increase. Passenger flown revenue rose by 15 per cent to S$4.5 billion, supported by improvements in yields and passenger carriage.
Across the first half, however, net profit declined by 43.9 per cent to S$133.9 million despite record revenue of S$11.3 billion. The main drag was a weaker first quarter, when jet fuel price spikes during the Middle East conflict hurt operating performance. Changes to fares and cargo rates failed to fully counter sustained high fuel costs.
