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Advance ticket sales cannot impose price increases and additional fuel surcharges in April 2026 when jet fuel prices were exorbitantly high in April 2026. May and June 2026 can be mitigated via ticket price increases and fuel surcharges but with demand trade off ie. grounded aircrafts (where necessary). Q2 ending 30 June 2026 performance expected to be ugly as we are already in mid May 2026 and Middle East conflict remains protracted (global high crude oil prices and energy crisis still unresolved).
“Singapore Airlines (SIA) posted a 57.4 per cent drop in full-year net profit on Thursday (May 14), warning that higher fuel costs were still filtering through and would weigh more fully in the months ahead.” SIA has a prudent 40%-50% jet fuel hedging policy.