Singapore Airlines Ltd. plans to raise more liquidity after posting its biggest quarterly loss on record as the coronavirus decimated travel demand and charges from fuel hedging and fleet impairment weighed on its bottom line.

See: SIA reports 1H net loss of $3.47 bil on non-cash impairment and 'sharp drop' in passenger carriage

The airline is in advanced talks to raise funds in the debt capital market and by selling and leasing back some of its aircraft, Chief Executive Officer Goh Choon Phong said during a briefing Monday, without elaborating. Cash burn has fallen to about $300 million a month from about $350 million in the three months to July, Chief Financial Officer Stephen Barnes said.

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