for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

Singapore Airlines posts $106 mln Q3 loss as passenger numbers plunge 98%

Feb 4 (Reuters) - Singapore Airlines Ltd on Thursday swung to a S$142 million ($106.36 million) net loss in the third quarter as passenger numbers plunged by 97.6% due to the pandemic, though its cargo business held up better given a tight freight market.

The loss compared with the prior year’s S$315 million profit in the quarter ended Dec. 31. Revenue fell 76.1% to S$1.07 billion. ($1 = 1.3351 Singapore dollars) (Reporting by Jamie Freed in Sydney)

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up