SINGAPORE, Nov. 12 -- National carrier Singapore Airlines (SIA) posted a net profit of S$134 million (RM425 million) in the first half of 2026 amid a record S$11.3 billion (RM35.8 billion) revenue, the group reported on Wednesday (November 11).

But despite total revenue growing by 16.8 per cent to better the S$9.67 billion (RM30.7 billion) revenue posted in the same period last year, net profit fell by 43.9 per cent - from S$239 million (RM758 million) in the first half of its last financial year - to S$134 million (RM425 million).

This was mainly due to high fuel costs, which grew 90.3 per cent to over S$4.7 billion (RM14.9 billion), weighing down revenue from record passenger carriage and robust cargo yield, SIA pointed out.

In the f...