Rosalynn Tay was previously the senior vice president of growth and demand in Banyan Tree Hotels and Resorts. Prior to that, she ran Dentsu Aegis Network Singapore as CEO.
Singapore Airlines report record full year loss
ANI
24 May 2021, 13:18 GMT+10
By Lee Kah WhyeSingapore, May 24 (ANI): In a year when the airline and travel industry were pulverised by the COVID-19 pandemic, Singapore Airlines (SIA), co-owner of India s Vistara airlines with Tata Sons, reported a record full-year net loss of SGD 4.27 billion (USD 3.21 billion).
In what SIA called its toughest year in history , revenue for the financial year which ended March 2021, fell SGD 12.16 billion (USD 9.14 billion) or 76.1 per cent year-on-year to SGD 3.82 billion. At an operating level, the Group lost SGD 2.51 billion in FY2020/21 versus a gain of SGD 59 million in the prior reporting period. Net loss was SGD 4.27 billion against a loss of SGD 212 million in FY 2019-20.
COVID impact: Singapore Airlines report record full year loss of USD 3.21 billion By Lee Kah Whye | Updated: May 24, 2021 08:59 IST
Singapore, May 24 (ANI): In a year when the airline and travel industry were pulverised by the COVID-19 pandemic, Singapore Airlines (SIA), co-owner of India s Vistara airlines with Tata Sons, reported a record full-year net loss of SGD 4.27 billion (USD 3.21 billion).
In what SIA called its toughest year in history , revenue for the financial year which ended March 2021, fell SGD 12.16 billion (USD 9.14 billion) or 76.1 per cent year-on-year to SGD 3.82 billion. At an operating level, the Group lost SGD 2.51 billion in FY2020/21 versus a gain of SGD 59 million in the prior reporting period. Net loss was SGD 4.27 billion against a loss of SGD 212 million in FY 2019-20.
Read more about Covid impact: Singapore Airlines report record full year loss of $3.21 bn on Business Standard. The loss for the 12 months ended March 31 was worse than the average S$3.27 billion forecast by eight analysts, according to Refinitiv
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