SYDNEY (Reuters) - Singapore Airlines Ltd on Thursday reported its first-ever annual loss, citing poor fuel hedging bets and the collapse in demand driven by the coronavirus pandemic, and said the timing of any recovery was uncertain.
The airline, a bellwether for premium travel in Asia, swung to a S$212 million (US$149.14 million) net loss in the financial year ended March 31, down from a S$683 million profit a year earlier, in line with guidance to investors provided last week.
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