Made over $1 b non-cash accounting gains in Q3FY25 from Vistara-Air India merger: SIA Group

Singapore Airlines (SIA) Group on Thursday, reported a rise of over 146 per cent in its net profit during the third quarter of FY25, predominantly due to non-cash accounting gains resulting from Vistara’s merger with Air India.

Accordingly, Singapore Airlines Group’s net profit rose $967 million to $1,626 million, on the back of a $1,098 million non-cash accounting gain resulting from the merger that took place in November 2024.

“Despite the lower operating profit, the Group net profit…