Home News Results

SIA narrows losses to $837m in 1HFY2021 from $3.46b as passenger outlook improves

Lim Hui Jie
Lim Hui Jie11/11/2021 7:7 PM GMT+08  • 3 min read
SIA narrows losses to $837m in 1HFY2021 from $3.46b as passenger outlook improves
SIA is still in the red for 1H21, but losses have narrowed to $837m from $3.46b.
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 flag carrier Singapore Airlines (SIA) has reported losses of $837 million for its 1HFY2021 ended 30 Sep 2021.

This is a 75.9% y-o-y reduction compared to the $3.46 billion loss in the same period last year.

In its earnings release, SIA said this was mainly due to better operating performance, and the absence of $1.63 billion in non-cash items recorded last year, largely from the impairment of aircraft assessed to be surplus to requirements.

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.