Shares of Singapore Airlines (SIA) took a sharp tumble in early trading on July 29, plunging as much as 8.6 percent following the announcement of a steep 59 percent decline in the group’s first-quarter net profit for the financial year 2025/26. The stock closed down 7.4 percent at $7.04, marking the largest intra-day drop since August 2024, with heavy trading volume of 38.5 million shares.

SIA reported net profit of S$186 million for the three months ended June 30, down from S$452 million a year earlier. This sharp fall was driven primarily by lower interest income and significant losses shared from associates, chiefly Air India, in which SIA owns a 25.1 percent stake. Air India’s financial results were newly included from December 2024 after the full integration of Vistara into Air India, whereas they were absent from the prior year’s first quarter results, explaining part of the steep decline.

Despite the profit setback, the group recorded strong operational performance: total revenue rose 1.5 percent to S$4.79 billion, supported by record passenger numbers. SIA and its subsidiary Scoot carried a combined 10.3 million passengers in the quarter, a 6.9 percent increase year-on-year, with passenger load factor improving slightly to 87.6 percent as growth in traffic outpaced capacity expansion.

 However, passenger yields fell 2.9 percent due to intensified competition amid capacity increases by other airlines. Cargo revenue also declined amid falling yields and wider capacity over cargo demand.

Analysts pointed to the drag on SIA’s bottom line from Air India’s continued losses and the lingering impact from the Air India Flight 171 crash in June, which led to flight cuts and a reported 20 percent drop in bookings on domestic and international routes. Market reactions included downgrades by several analysts, with target prices lowered and warnings of potential further losses from Air India.

Nonetheless, some experts remain cautiously optimistic about SIA’s outlook, noting stabilizing passenger yields and ongoing strengths in brand, service, and innovation that should help the airline to navigate current market challenges and transition towards renewed growth.

In summary, Singapore Airlines faces near-term headwinds from associate losses and competitive pressure on yields despite solid travel demand and record passenger traffic, reflecting a mixed outlook amid volatile global and regional aviation market conditions.

Qatar Navigation (Milaha) and Qatar Airways Group have cemented a strategic alliance by signing a five-year agreement for comprehensive warehousing and logistics services—a key milestone in the collaboration between these two national champions of Qatar. Under this partnership, Milaha will deliver end-to-end supply chain solutions encompassing warehousing, inventory management, and distribution support, leveraging advanced logistics technologies and real-time visibility tools tailored to Qatar Airways Group’s evolving needs.

The partnership highlights a mutual commitment to operational excellence and superior service quality, reinforcing Milaha’s standing as the preferred logistics partner for major entities in Qatar and the region. Qatar Airways Group selected Milaha after a competitive evaluation process, impressed by Milaha’s robust digital infrastructure, integrated systems, and consistent track record in providing reliable and customer-centric logistics solutions.

Cutting-edge technologies, including automated inventory tracking, data-driven performance analytics, and sophisticated warehouse management systems, will underpin seamless coordination and enhance service delivery across Qatar Airways’ supply chain. This technological edge represents a significant step forward in creating resilient, efficient logistics operations aligned with Qatar National Vision 2030’s goals of building world-class, technology-enabled, and sustainable supply chain capabilities.

Milaha Group CEO Fahad bin Saad al-Qahtani expressed pride in the partnership, emphasizing the foundation of mutual trust and a shared vision for service excellence. He highlighted the agreement’s role in positioning Milaha as a strategic enabler of national connectivity and global competitiveness through dependable logistics solutions. Meanwhile, Qatar Airways Group CEO Badr Mohammed al-Meer noted that the collaboration strengthens supply chain resilience and supports the airline’s global expansion, further contributing to the nation’s vision for sustainable growth.

This long-term agreement not only deepens the strategic alliance between two of Qatar’s flagship companies but also underscores their dedication to innovation, infrastructure investment, and human capital development. Together, Milaha and Qatar Airways are driving forward Qatar’s ambitions to be a leading regional and international hub for logistics and aviation services, delivering world-class operational standards and continuing the nation’s journey towards economic diversification and sustainability.

In a significant step to modernize its military capabilities, Indonesia has inked a contract to acquire 48 KAAN fighter jets from Türkiye, the Indonesian Defence Ministry announced on July 29. The deal, signed during the International Defence Industry Fair (IDEF) 2025 in Istanbul, marks Indonesia as the first international buyer of Türkiye's homegrown fifth-generation combat aircraft.

The KAAN, Türkiye's first fully indigenous stealth multirole fighter, completed its maiden flight in February 2024. Though serial production is planned to begin in 2028, the agreement with Indonesia includes phased deliveries over the next decade. The jets will be powered by two General Electric F-110 engines the same type used in fourth-generation F-16 fighters until a Turkish-made engine is introduced later.

Beyond procurement, the deal emphasizes joint technology development and industrial cooperation. Indonesia aims to establish local aerospace infrastructure, with partnerships involving state enterprises PT Dirgantara Indonesia and PT Republika Aero Dirgantara to support production and maintenance domestically.

Defence Minister Sjafrie Sjamsoeddin witnessed the signing, highlighting the pact as a marker of strong bilateral defence ties and a boost for Indonesia’s indigenous defence industry capacity.

This latest acquisition complements Indonesia’s ongoing efforts to upgrade its air force with diverse sources. Notably, Jakarta secured 42 French Rafale jets in 2022 for US$8.1 billion and is exploring additional Rafales. The nation is also considering China’s J-10 fighter jets and holds talks to procure US-made F-15EX aircraft. This multi-faceted procurement reflects Indonesia’s strategy to modernize an aging fleet while balancing technological partnerships and domestic industry growth.

In a related development at the defence fair, Indonesia signed a memorandum of understanding with Türkiye's TAIS Shipyard to purchase two Milgem Istif class frigates, strengthening naval cooperation. Details about the frigate contract have not been disclosed.

Indonesia’s ambitious defense investments come amid fiscal challenges, as its defense budget has seen modest reductions and remains under 1% of GDP. Analysts note potential funding constraints given the country's commitments across various fighter jet programs, including its involvement in South Korea’s KF-21 project.

Overall, Indonesia’s contract for the KAAN jets signifies a milestone in Southeast Asia’s military aviation landscape, projecting Jakarta’s intent to become a regional defense technology player while diversifying strategic partnerships beyond traditional suppliers.

Shares of Singapore Airlines (SIA) took a sharp tumble in early trading on July 29, plunging as much as 8.6 percent following the announcement of a steep 59 percent decline in the group’s first-quarter net profit for the financial year 2025/26. The stock closed down 7.4 percent at $7.04, marking the largest intra-day drop since August 2024, with heavy trading volume of 38.5 million shares.

SIA reported net profit of S$186 million for the three months ended June 30, down from S$452 million a year earlier. This sharp fall was driven primarily by lower interest income and significant losses shared from associates, chiefly Air India, in which SIA owns a 25.1 percent stake. Air India’s financial results were newly included from December 2024 after the full integration of Vistara into Air India, whereas they were absent from the prior year’s first quarter results, explaining part of the steep decline.

Despite the profit setback, the group recorded strong operational performance: total revenue rose 1.5 percent to S$4.79 billion, supported by record passenger numbers. SIA and its subsidiary Scoot carried a combined 10.3 million passengers in the quarter, a 6.9 percent increase year-on-year, with passenger load factor improving slightly to 87.6 percent as growth in traffic outpaced capacity expansion.

 However, passenger yields fell 2.9 percent due to intensified competition amid capacity increases by other airlines. Cargo revenue also declined amid falling yields and wider capacity over cargo demand.

Analysts pointed to the drag on SIA’s bottom line from Air India’s continued losses and the lingering impact from the Air India Flight 171 crash in June, which led to flight cuts and a reported 20 percent drop in bookings on domestic and international routes. Market reactions included downgrades by several analysts, with target prices lowered and warnings of potential further losses from Air India.

Nonetheless, some experts remain cautiously optimistic about SIA’s outlook, noting stabilizing passenger yields and ongoing strengths in brand, service, and innovation that should help the airline to navigate current market challenges and transition towards renewed growth.

In summary, Singapore Airlines faces near-term headwinds from associate losses and competitive pressure on yields despite solid travel demand and record passenger traffic, reflecting a mixed outlook amid volatile global and regional aviation market conditions.

The US Department of State has rolled out a significant update to its visa policies, tightening the rules for those seeking entry into the country. As of September 2, 2025, nearly all nonimmigrant visa applicants  including children under 14 and adults over 79   will be required to appear in person for a consular interview, a sharp reversal from the previous, more lenient waiver provisions.

Until now, many applicants could bypass the rigorous in-person interview step by qualifying for a visa interview waiver   often through an online eligibility screening, followed by the convenience of mailing in application materials rather than scheduling a visit to the Embassy.

That changes with the new directives, which supersede policies introduced just months ago in February. Now, only select categories of travelers will remain eligible to apply without the standard interview, marking a tightened security and verification protocol by US authorities.

There are exceptions to the tougher rules. The following applicants may still qualify for the interview waiver under specific criteria:

• Diplomats and Foreign Government Officials: Those applying under classifications such as A-1, A-2, C-3 (excluding certain attendants and staff), G-series, NATO categories, or TECRO E-1 for official or diplomatic missions.
• Renewals of B-1, B-2 Visas or Border Crossing Cards: Travelers renewing a full-validity B-1, B-2, B1/B2 visa, or Mexican Border Crossing Card within 12 months of expiration provided they were at least 18 years old when the last visa was granted. Additional conditions include applying from their home country or residence, a clean visa refusal history (unless previously remedied), and no signs of ineligibility.

Despite these exceptions, consular officers retain the authority to request an interview for any applicant at their discretion, further emphasizing the department's commitment to rigorous immigration screening.
For the vast majority of nonimmigrant visa hopefuls, planning an in-person Embassy visit will now be standard. The overhaul aims to enhance security, but it will also likely increase wait times and logistical demands for travelers and families seeking entry to the United States.

As always, applicants are advised to check eligibility during the online registration process. The site’s updated questionnaire will determine whether a person will be directed to schedule an interview or can proceed via the waiver program  now reserved for the narrow categories outlined above.

Visa seekers are urged to review the new guidelines thoroughly and prepare for in-person interviews as the default pathway to US entry starting this September.

Türkiye’s leading airports, Istanbul and Antalya, recently shattered single-day passenger traffic records amid ongoing rapid growth in air travel and tourism.

On July 26, Antalya Airport welcomed 225,118 passengers, surpassing its previous peak of 223,217 set in August 2024. The breakdown included 203,348 international and 21,770 domestic travelers. Antalya also handled 1,217 flights that day 1,074 international and 143 domestic matching its highest-ever number of aircraft movements. The surge followed the opening of new terminal facilities earlier in 2025, designed to accommodate increased demand in this popular Mediterranean tourist destination.

The very next day, July 27, Istanbul Airport reached an unprecedented 272,132 passenger movements in 24 hours the busiest single day ever recorded by a European airport. This historic milestone reinforced Istanbul Airport’s status as a European aviation powerhouse. The airport began simultaneous triple runway operations in April 2025, becoming the first in Europe with this capability and second worldwide after the U.S. This advanced infrastructure supports high traffic volumes and operational efficiency.

Istanbul Airport served nearly 80 million passengers in 2024, making it Europe’s largest and second-busiest airport. It also became Europe’s busiest air cargo hub last year, according to the Airports Council International Europe’s 2024 report. Moreover, weekly Eurocontrol data consistently ranks Istanbul Airport among Europe’s top airports by daily flights. The airport's passenger traffic in the first half of 2025 totaled around 39.1 million, with 8.1 million domestic and 30.9 million international passengers. Sabiha Gökçen Airport in Istanbul also recorded significant traffic, with over 22 million passengers in the same period.

Across Türkiye, the total number of air passengers reached approximately 108.8 million in the first six months of 2025, with domestic flights serving 46.6 million passengers and international flights 62.2 million. Key tourism hubs such as Antalya, İzmir, and Muğla collectively hosted about 23.9 million passengers in this period. Antalya Airport alone handled 9.57 million passengers in the first five months of 2025, underscoring its growing importance in Türkiye’s tourism infrastructure.

The country’s airports are also focusing on environmentally friendly operations to balance growth with sustainability. Transport and Infrastructure Minister Abdulkadir Uraloğlu emphasized the role of these airports in boosting Türkiye’s tourism and trade sectors while maintaining efficient and eco-conscious operations.

This context of expanding infrastructure, record-breaking passenger numbers, and strategic development highlights Türkiye’s increasing significance as a global aviation hub connecting Europe, Asia, and beyond. The combined growth at Istanbul and Antalya airports exemplifies the dynamic rise of Türkiye's air travel network poised for further expansion in the coming years.