Singapore Airlines posts first annual loss on fuel hedges, virus

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 S$683 million profit a year earlier, in line with guidance to investors provided last week.In the fourth..