SIA plunges into 3Q loss of $142 mil as air travel demand 'severely constrained'

Singapore Airlines (SIA) has reported a weak set of results for 3QFY2021 ended Dec 31 as international air travel demand had remained "severely constrained" in the final quarter of 2020.

The national flag carrier swung into a net loss of $142 million from earnings of $315 million in 3QFY2020.

This was primarily driven by the weaker operating performance, partially offset by a swing from tax expense to tax credit, it says.