The carrier reported a net loss of S$2.3bil (US$1.7bil) for the three months ended Sept. 30 versus a S$94.5mil profit the same period a year ago, before Covid-19 spread around the world, closing borders and all but putting an end to international travel. Revenue plunged 81% to S$783.8mil, the carrier said in an exchange filing.
SINGAPORE: Singapore Airlines Ltd posted its biggest ever quarterly loss as the coronavirus decimated travel demand and fuel hedging and fleet impairment charges weighed on its bottom line.
The carrier reported a net loss of S$2.3bil (US$1.7bil) for the three months ended Sept. 30 versus a S$94.5mil profit the same period a year ago, before Covid-19 spread around the world, closing borders and all but putting an end to international travel.
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