A look at the week
By Jordan Chong
Singapore Airlines (SIA) Group said the past year had been the toughest in its 74-year history as the pandemic rendered international travel almost non-existent and punched a hole in passenger revenue.
The Singaporean flag carrier posted a net loss of S$4.3 billion (US$3.2 billion) for the 12 months to March 31, slumping deeper into the red from a net loss of S$169.4 million in the same months last year. Revenue declined 76.1%, to S$3.8 billion.
It said domestic markets had recovered in some countries, but international air travel remained "severely constrained" and the recovery trajectory was "still unclear". Read More »