SIA plummets into $1.12 bil net loss in 1Q20/21 on continued aviation woes

Singapore Airlines (SIA) has reported a loss of $1.12 billion in 1Q20/21 ended June 30 from its earnings of $111 million the year before. This was primarily driven by the weaker operating performance, as well as the $127 million loss from the liquidation of NokScoot on June 26.