Time for SIA to show it has what it takes to soar higher post-pandemic
It has gone from a record net loss of S$4.3 billion for FY2021 at the height of the Covid-19 pandemic to posting its highest-ever earnings of S$2.7 billion for the FY2024 ended March
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SINGAPORE Airlines (SIA) has endured a difficult time over the last four years.
The national carrier fell to a record net loss of S$4.3 billion for FY2021 at the height of the Covid-19 pandemic.
It raised S$15 billion from selling rights in 2020 and 2021, including S$9.7 billion of zero-coupon mandatory convertible bonds (MCBs), to tide the group through the pandemic that sent the global aviation industry into a tailspin.
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