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SIA share price shrugs off largest ever full-year net loss of $4.27 bil

Company in the news

SIA share price shrugs off largest ever full-year net loss of $4.27 bil

Jeffrey Tan Published on Fri, May 21, 2021 / 7:00 AM GMT+8

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Photo: Bloomberg

Despite clocking its worst ever results in its history so far, the market appears confident that national flag carrier Singapore Airlines (SIA) will weather through aviation’s greatest crisis.

On May 20 — the day after it released its financial statements for FY2021 ended March 31 — shares of SIA ended up 6 cents or 1.3% at $4.76. That extended the stock’s gain from its 2020 trough of $3.31 to 43.8%.

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