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Singapore Airlines posts first-ever 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 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..
Date Published: May 14, 2020
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