Singapore Airlines posts $106 mln Q3 loss as passenger numbers plunge 98%
The loss compared with the prior year's S$315 million profit in the quarter ended Dec. 31. Revenue fell 76.1% to S$1.07 billion
FILE PHOTO: An Airbus A380-800 aircraft of Singapore Airlines takes off from Zurich airport, Switzerland October 16, 2019. REUTERS/Arnd Wiegmann/File Photo
Singapore Airlines Ltd on Thursday swung to a S$142 million ($106.36 million) net loss in the third quarter as passenger numbers plunged by 97.6% due to the pandemic, though its cargo business held up better given a tight freight market.
The loss compared with the prior year's S$315 million profit in the quarter ended Dec. 31. Revenue fell 76.1% to S$1.07 billion.
($1 = 1.3351 Singapore dollars)
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