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SIA: Not yet breaking even, but coming close

Lim Hui Jie
Lim Hui Jie5/19/2022 09:30 PM GMT+08  • 8 min read
SIA: Not yet breaking even, but coming close
With vastly improved passenger numbers over the course of 2021, SIA has slashed its losses sharply, but remains in the red. (Photo: Samuel Albert Chua/The Edge Singapore)
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The quarter that ended De­cember 2019 is one that Sin­gapore Airlines’ CEO Goh Choon Phong will remem­ber for quite some time. For that three-month period, Singapore’s flag carrier recorded its highest-ever revenue, passenger carriage, and at a record-high capacity to 137 destinations.

However, everything practical­ly ground to a halt in the following quarter as governments slammed borders shut in a belated attempt to stop the Covid virus from being spread by air travellers.

As SIA has no domestic routes to speak of, the hit to Singapore’s flag carrier was harder compared to most other airlines. “You can imagine the stress on an organisational level,” re­calls Goh on May 19.

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