Singapore Airlines posts first-ever annual loss on fuel hedges, virus

SYDNEY (Reuters) - Singapore Airlines Ltd on Thursday reported its first-ever annual loss due to poor fuel hedging bets and a collapse in demand driven by the coronavirus pandemic.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 the fourth quarter, it lost S$732 million, down from a S$203 million profit the prior year. It did not declare a..