SIA could incur FY21 loss of $957 mil even if essential air travel resumes: CGS-CIMB
Jeffrey Tan • • 2 min read
SINGAPORE (May 8): While Singapore is in talks with other countries to possibly allow essential air travel, Singapore Airlines (SIA) may not exit the turbulence just yet, according to CGS-CIMB.
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SINGAPORE (May 8): While Singapore is in talks with other countries to possibly allow essential air travel, Singapore Airlines (SIA) may not exit the turbulence just yet, according to CGS-CIMB.
In fact, the national flag carrier could incur a wider core net loss of $957 million in FY21 on the back of weaker passenger volume.
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