Covid-19
SIA posts $4.3b net loss after toughest year
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Things are improving gradually, with passenger numbers for the SIA Group at 110,000 in April - the highest since Covid-19 broke last year. It had a net cashflow of $5.13 billion as at March 31.
ST FILE PHOTO
The Singapore Airlines (SIA) Group posted a net loss of $4.27 billion for the year ended March 31 after "its toughest year in history' which saw most of its fleet grounded amid successive waves of Covid-19 infection and more virulent strains.
The SIA Group, which includes national carrier SIA, regional arm SilkAir and budget carrier Scoot, said yesterday that it would raise another $6.2 billion via the issue of the second tranche of its mandatory convertible bonds.
