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Singapore Airlines Group, reported a net loss of $3.5 billion for the first half of 2020.
The SIA group, which includes its regional subsidiary SilkAir and low-cost carrier Scoot, have been heavily impacted the on going COVID related global travel ban, and reported a 80.4% YoY decline in revenue.
For the first half ended 30 Sept, the SIA group reported a net loss of $3467 million, a drop of $3673 million against last year.
The Group also announced to retire 26 aircraft which includes seven A380s. two A319s, nine A320s, four B777-200s, and four B777-300s.
SIA reach an agreement with Airbus to defer Aircraft deliveries, and negotiating with Boeing to defer deliveries.