Business
Singapore Airlines posts $1 billion loss amid 99 per cent drop in passenger numbers – Business Traveller
Demand for air travel began to decline as travel restrictions and border controls were imposed to contain the spread of Covid-19
The Singapore Airlines Group has reported a net loss of $1 billion for the first quarter of 2020 after a 99.5 per cent plunge in passenger traffic due to the coronavirus pandemic.
The Group is comprised of the following three airlines: Singapore Airlines (SIA), low-cost carrier Scoot, and Silkair.
Demand for air travel began to decline as travel restrictions and border controls were imposed to contain the spread of Covid-19 starting from the beginning of the first quarter of 2020.
As a result…
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