A small operating profit is still expected for the full year, the airline said.. Read more at straitstimes.com.
SINGAPORE - Singapore Airlines expects to make a full-year net loss for the first time in its history, as the coronavirus continues to hammer the global aviation sector.
Making the announcement on the back of capacity cuts that will last until the end of June, SIA group said its financial situation has been worsened by the collapse of fuel prices in March, which led to fuel hedging losses. The nosedive in the demand for air travel has forced many carriers, including SIA, to ground most of its fleet.
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