The Business Times
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HOCK LOCK SIEW

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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Tay Peck Gek

Tay Peck Gek

Published Wed, May 29, 2024 · 05:00 AM
    • SIA flexed its muscles when it overcame the pandemic challenges and was the first off the blocks to capture pent-up travel demand after borders reopened.
    • SIA flexed its muscles when it overcame the pandemic challenges and was the first off the blocks to capture pent-up travel demand after borders reopened. PHOTO: BT FILE

    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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