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Singapore Airlines grapples with delta variant as COVID losses persist

SIA kicks off second fiscal year under pandemic pressures with $302 million net loss

SIA managed to cushion some of the devasting effects of the pandemic on the travel industry by removing seats from some aircraft to allow the transport of cargo.   © Reuters

SINGAPORE -- Singapore Airlines faces an uneven road to recovery as the more contagious delta variant of the new coronavirus and a persisting pandemic threaten to upend the resumption of mass travel worldwide.

The Singapore Exchange-listed company on Thursday reported a net loss of 409 million Singapore dollars ($302 million) for the April to June quarter -- the first in its new financial year, after racking up an annual net loss of SG$4.27 billion the year before.

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