Singapore Airlines reports $2.5bn net loss in first half

National carrier to retire 26 planes in response to weak demand

During the three months through September, Singapore Airlines’ group carried 98.8% fewer passengers than the same period the previous year. © Reuters

KENTARO IWAMOTO, Nikkei staff writer

November 7, 2020 10:04 JST

SINGAPORE -- Singapore Airlines on Friday reported a net loss of 3.46 billion Singapore dollars ($2.57 billion) for the six months through September, as the COVID-19 pandemic continues to drain international travel demand.

The airline had a net loss of SG$2.34 billion for the three months through September, its worst quarterly result ever, following a SG$1.12 billion net loss in the April to June quarter.