ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Transportation

Singapore Airlines recovery 'unclear' as COVID resurges in Asia

Flagship carrier reports $3.2bn annual loss as prolonged pandemic weighs on industry

As a result of restructuring activities, Singapore Airlines' quarterly loss was smaller than its record loss two quarters earlier.   © Reuters

SINGAPORE -- Asian airlines have been restructuring their operations to pave the way for a rebound from the COVID-19 pandemic, but the latest quarterly results show many continued to log big losses, as the industry outlook dims over recent virus flare-ups in the region.

One company greatly affected is Singapore Airlines, which on Wednesday reported a net loss of about 660 million Singapore dollars ($490 million) for the January-March quarter, the last in its financial year, leading to an annual net loss of SG$4.27 billion.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more