Singapore Airlines (SIA)—responding to an Aug. 20 Bloomberg report that claimed the flag-carrier had, in two months, “burned through” half of the S$8.8 billion ($6.4 billion) raised in a rights issue—said its spending has “always been extremely careful and judicious.”
Singapore Airlines (SIA) has secured another S$750 million ($541 million) in funding, taking the total liquidity it has raised since April 1 to S$11 billion.
Singapore Airlines (SIA) is warning of a material operating loss for its fiscal 2020-21 first quarter (Q1) as the industry’s recovery proceeds at a pace slower than initially predicted.
As the COVID-19 lockdown and border closures dragged into their second full month in Singapore, flag-carrier Singapore Airlines (SIA) group saw May passenger volume plunge 99.7% year-on-year (YOY).
Singapore Airlines (SIA) has successfully raised S$10 billion ($7.2 billion) in funding from the issuance of rights as well as securing new long-term and short-term loans from various sources.
SINGAPORE—Singapore Airlines (SIA) has increased its capacity by 2% for June and July compared to May, albeit a 94% reduction of its schedule planned before COVID-19 hit.
Singapore Airlines (SIA) is not expecting its capacity to fully recover for the next 12-18 months and is readjusting its fleet expansion strategy accordingly.
Severely burnt by fuel hedging losses and the collapse in demand from COVID-19, Singapore Airlines (SIA) posted a net loss of S$212 million ($148 million) for its fiscal year ending March 31, the first in its history.
Ahead of its full year financial report on May 14, Singapore Airlines (SIA) has put out a stock announcement saying it is expecting a net loss for fiscal 2019-2020, including a material operating loss for the last quarter between January and March.
With no end to the COVID-19 crisis in sight, Singapore Airlines (SIA) is flying four of its Airbus A380 and two of LCC subsidiary Scoot’s A320ceo to the Asia Pacific Aircraft Storage (APAS) facility in Alice Springs, Australia for long-term parking.
The Securities Investors Association (Singapore) (SIAS) has submitted a list of queries to the board of Singapore Airlines (SIA) prior to the carrier’s emergency general meeting (EGM) on the S$15 billion ($10.5 billion) cash call proposal to raise funds for the airline amid the COVID-19 crisis.
Australia’s second-largest carrier plans to continue operating a vastly reduced schedule while administrators from Deloitte work to find a buyer for the airline.
Routes' latest update on how airlines and airports across the Asia-Pacific region are responding to the COVID-19 pandemic, with a focus this week on the South East Asia market.
Following the closure of borders at home and abroad, Singapore Airlines (SIA) said it will cut 96% of its capacity until the end of April in what it described as the “greatest challenge” SIA group has ever faced.
