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Singapore Airlines posts first annual loss on fuel hedges, virus

FILE PHOTO: Singapore Airlines planes sit on the tarmac at Singapore's Changi Airport
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SYDNEY (Reuters) - Singapore Airlines Ltd on Thursday reported its first-ever annual loss, citing poor fuel hedging bets and the collapse in demand driven by the coronavirus pandemic and said the timing of any recovery was uncertain.The airline, a bellwether for premium travel in Asia, swung to a S$212 million (122.08 million pounds) net loss in the financial year ended March 31, down from a..
Date Published: May 14, 2020
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