Thu Nov 13 23:18:00 UTC 2025: Okay, here’s a summarized news article based on the provided text:
Headline: Singapore Airlines Profit Plunges Due to Air India Losses, Reaffirms Support
NEW DELHI – Singapore Airlines Group (SIA), a major shareholder in Air India Group, reported a significant 67.8% drop in net profit for the first half of the fiscal year, falling to SGD 239 million. The decline is attributed, in part, to losses incurred by Air India, its joint-venture airline with Tata Group.
While SIA enjoyed robust operating profits driven by healthy passenger demand and lower fuel prices, the airline’s overall net profit was significantly impacted by lower interest income and the equity accounting of Air India’s losses. This is the first year SIA has fully accounted for Air India’s financial performance since the full integration of Vistara into Air India, commencing in December 2024.
Despite these financial setbacks, the Singapore Airlines Group reaffirmed its commitment to supporting Air India. “Despite the ongoing challenges, the SIA Group remains committed to working with its partner Tata Sons to support Air India’s comprehensive multi-year transformation programme,” the company said in a press statement.
Adding to Air India’s challenges, the airline is currently facing an inquiry following a Boeing 787 aircraft incident in Ahmedabad on June 12, 2025.
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