Shares of Singapore Airlines fell after the carrier reported a 59% decline in earnings for the first quarter of its 2025/2026 financial year.

Singapore Airlines Ltd.’s profit slumped in the first quarter as losses from Air India Ltd. and lower interest income weighed on the company’s financial results.

Singapore Airlines reported a 59% profit drop in its first quarter, weighed by lower passenger yields and higher expenses from inflationary pressures. The city-state’s flag carrier said Monday that net profit for the three months ended June was 186.