Singapore Airlines has reaffirmed its confidence in Air India despite the airline's ongoing financial struggles.

The carrier owns a 25.1% stake in Air India Group and reported a second-quarter net profit of S$209.7 million.

Six-month results show Singapore Airlines' net profit fell 44% to S$133.9 million, while operating profit declined 29% to S$569.2 million. Revenue rose 16.8% to S$11.3 billion.

Singapore Airlines' share of Air India's losses was S$361.7 million in April-September, with Air India losing roughly S$1.44 billion over six months based on the stake.

Despite these losses, Singapore Airlines says Air India has made tangible progress in its transformation. The airline and Tata Sons are working together to support Air India's turnaround.

Air India's FY26 consolidated net loss was ₹22,238 crore, with revenue declining to ₹70,086 crore in the same period.