News
Changi Airport Group reports 10% fall in annual profit
June 8th 2026
Changi Airport Group (CAG) has reported net profit of S$618 million (US$479 million) for the 12 months to March 31 2026, a decline of S$67 million from net profit of S$685 million in the prior year. Read More » Revenue rose 6% to S$3.3 billion, CAG said in a regulatory filing. Costs were 14% higher at S$1.8 billion. CAG, the parent company of Singapore Changi Airport, said the previous fiscal year's financial results were achieved amid a backdrop of shifting industry dynamics, including more subdued consumer sentiments and geopolitical tensions in the Gulf region. “Looking ahead, the operating environment is expected to remain challenging, with geopolitical tensions disrupting air traffic flows and inflationary pressures continuing to keep costs high,” CAG CEO, Yam Kum Weng, said. “The group will stay focused on strengthening Changi’s connectivity and delivering Terminal 5 as well as other major infrastructure projects, while exercising financial discipline.”
