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Singapore Airlines CEO links Air India losses to geopolitical airspace and currency shocks dragging profit down 57 percent
International
Published on 15 May 2026
Pakistan airspace rules forced longer fuel heavy detours
Singapore Airlines CEO Goh Choon Phong said Air India’s surging losses have dragged Singapore Airlines’ annual profit down 57%, citing a chain reaction of geopolitical disruptions, Pakistani airspace restrictions, and currency volatility. He pointed to cost inflation and longer, fuel-intensive routes on North America services, plus elevated West Asia-linked fuel prices, delivery delays, and supply-chain setbacks. Air India losses more than doubled to ₹25,606 crore in FY26, with added FX and labor compliance pressures.
- Singapore Airlines profit fell 57% as Air India losses hit results
- Air India losses more than doubled to ₹25,606 crore in FY26
- Singapore Airlines booked S$945.2 million share of Air India losses
- Pakistan airspace restrictions lengthened routes and raised fuel burn
- Rupee depreciation inflated US-dollar leasing and maintenance costs
- Post June 2025 crash, regulators increased scrutiny and reduced capacity
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times