Singapore Airlines to retire 26 aircraft as it reported a net loss of $3.5 billion… – : Newsflight :
Airline , November 09,2020
image

Share post
  • 35
  • 2

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.

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

Download Our AeroChapter App Now!

Copyright © 2019 News in Flight | All Rights Reserved