SINGAPORE: Singapore Airlines (SIA) posted an unprecedented quarterly loss yesterday after the deadly Severe Acute Respiratory Syndrome (SARS) outbreak hit air travel demand, but the carrier said the worst was over although sluggish economic conditions made the outlook hazy.
The SARS outbreak had dealt a blow to airlines worldwide, forcing carriers to ground aircraft and slash costs. Coupled with a global economic slowdown and the war in Iraq, the period marked the worst crisis the airline industry has had to face in its 80-year history.
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