Melburnian1
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- Jun 7, 2013
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From 'The Australian' 30 July 2020:
Virus-hit Singapore Airlines suffers loss
'Singapore Airlines (SIA) reported a first-quarter net loss of more than $US800 million, the latest carrier to take a massive hit as a result of the coronavirus pandemic.
Passenger traffic was reduced to almost zero in the three months to June, SIA said, leading to the Asian carrier’s biggest-ever quarterly net loss of Sg$1.12 billion ($US816.58 million).
The numbers extended the flag-carrier’s financial bloodletting after losing Sg$732 million in the 2019 fourth quarter ended March 31, leading to its first-ever annual loss.
“Demand for air travel evaporated as travel restrictions and border controls were imposed around the world to contain the spread of the virus,” SIA said.'
Not a good portent for other airlines in Oz or Asia, although QF and what's left of VA are not identical as SQ doesn't have a domestic air network.
Virus-hit Singapore Airlines suffers loss
'Singapore Airlines (SIA) reported a first-quarter net loss of more than $US800 million, the latest carrier to take a massive hit as a result of the coronavirus pandemic.
Passenger traffic was reduced to almost zero in the three months to June, SIA said, leading to the Asian carrier’s biggest-ever quarterly net loss of Sg$1.12 billion ($US816.58 million).
The numbers extended the flag-carrier’s financial bloodletting after losing Sg$732 million in the 2019 fourth quarter ended March 31, leading to its first-ever annual loss.
“Demand for air travel evaporated as travel restrictions and border controls were imposed around the world to contain the spread of the virus,” SIA said.'
Not a good portent for other airlines in Oz or Asia, although QF and what's left of VA are not identical as SQ doesn't have a domestic air network.