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SINGAPORE: Singapore Airlines Ltd’s shares surged the most in more than three decades on bets that ongoing fund raising will help the carrier survive as lockdown restrictions ease worldwide from Italy to the United States.
Revenue may slump 87% due to a 96% drop in capacity
SYDNEY: Singapore Airlines Ltd on Wednesday reported a S$1.123 billion ($816.73 million) first-quarter net loss after drastically cutting capacity due to the decline in demand and travel restrictions associated with the coronavirus pandemic.
SINGAPORE: A record plane-buying spree is poised to land Singapore Airlines Ltd in an unfamiliar territory.
SYDNEY: Singapore Airlines Ltd will cut capital spending this financial year by at least 12% from its previous plan, with the final reduction to be determined by talks with planemakers over delivery delays, its chief financial officer said on Friday.
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.
BENGALURU/SINGAPORE: Singapore Airlines Ltd said on Monday that it had secured about $1 billion in credit facilities, in addition to the S$8.8 billion ($6.32 billion) it recently raised from a rights issue, to help it weather the COVID-19 pandemic.
SINGAPORE: Singapore Airlines launched its first US dollar bond yesterday to help fund the purchase of new aircraft, according to a term sheet seen by Reuters.
SINGAPORE (Reuters) - Singapore Airlines Ltd faces "significant challenges" to its business from the coronavirus outbreak will be adjusting its network and tightly managing costs, it said on Friday, as it reported an 11% rise in third-quarter net profit.