SIA Group posts S$4.3 billion loss after 'toughest year in history'

SINGAPORE (The Straits Times/ANN): Singapore Airlines racked up a whopping $4.27 billion net loss for the year after the worst crisis in its history sent passenger traffic dropping 98 per cent and grounded the bulk of its fleet.

The red ink came on the back of a $12.16 billion, or 76 per cent, dive in turnover to $3.82 billion for the 12 months to March 31 as passenger revenue across all its three carriers – SIA, SilkAir and Scoot – dived in what it called "its toughest year in history".