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SIA S$1.12b in the red for Q1; analysts see FY21 loss of S$1.83b

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SIA continues to engage aircraft manufacturers to negotiate adjustments to the delivery stream of existing aircraft orders and the schedule of progress payments to reduce near-term cash outflows.

Singapore

SINGAPORE Airlines (SIA) swung into a net loss of S$1.12 billion for its first quarter ended June 30, 2020, compared to a net profit of S$111 million a year ago, due to its weaker operating performance and financial impact of S$127 million from the liquidation of low-cost...

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