Home Capital Results

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

Jeffrey Tan
Jeffrey Tan2/4/2021 06:41 PM GMT+08  • 2 min read
SIA plunges into 3Q loss of $142 mil as air travel demand 'severely constrained'
SIA's net loss was primarily driven by the weaker operating performance, though partially offset by a tax credit.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

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.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now