The airline, a bellwether for premium travel in Asia, swung to a S$212 million net loss in the financial year ended March 31. — Reuters pic
In the fourth quarter, it lost S$732 million, down from a S$203 million profit the prior year. Singapore Airlines did not declare a dividend and said the prospects of a recovery in international travel depended on when border controls and travel restrictions eased. Singapore, a small city-state that lacks a domestic aviation market, is closed to transit passengers on which the airline normally relies for much of its revenue.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: