Passengers onboard a Singapore Airlines aircraft described the "sheer terror" after the Boeing aircraft encountered "severe turbulence" on the way from London to Singapore.
Singapore Airlines Ltd on Wednesday (May 19) posted its second-consecutive annual loss, which widened to a record $3.20 billion (S$4.27 billion), and said it would issue $6.2 billion of convertible bonds to help weather the coronavirus crisis. The loss for the 12 months ended March 31 was worse than the average $3.27 billion forecast by eight analysts, according to Refinitiv,.
Singapore Airlines to issue convertible bonds after record $3.2b annual loss
REUTERS/Louis Nastro
May 20, 2021
Singapore Airlines Ltd on Wednesday posted its second-consecutive annual loss, which widened to a record S$4.27 billion ($3.20 billion), and said it would issue S$6.2 billion of convertible bonds to help weather the coronavirus crisis.
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, and included S$2 billion of impairments largely on the 45 older planes surplus to requirements.
It was also far bigger than the S$212 million annual loss in the prior financial year, its first ever dip into the red, when only one quarter was affected by the pandemic.
Singapore Airlines posts S$4 27bil annual loss, to issue convertible bonds thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
Singapore Air posts record B100bn annual loss, to issue convertible bonds
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published : 19 May 2021 at 19:42
1 FILE PHOTO: Cabin crew speak to participants during a tour of the Singapore Airlines Training Centre in Singapore Nov 21, 2020, as part of a series of initiatives to re-engage customers who have not been able to travel due to the coronavirus. (Reuters)
Singapore Airlines Ltd on Wednesday posted its second-consecutive annual loss, which widened to a record S$4.27 billion (100.6 billion baht), and said it would issue S$6.2 billion of convertible bonds to help weather the coronavirus crisis.
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, and included S$2 billion of impairments largely on the 45 older planes surplus to requirements.