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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.

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