SIA Group has reported a net loss of $1037 million for the quarter ended 30 June, 2020.
The airline group had made a profit of $200 million during the same period last year.
Group revenue declines by 80% during the fist quarter, with a fall in passenger carriage (measured in revenue passenger-kilometres) of 99.4% for Singapore Airlines, 99.8% for SilkAir, and 99.9% for Scoot, resulting in an overall SIA Group wide decline of 99.5%.
The airline group says that it has proactively deployed passenger aircraft on cargo missions to boost cargo capacity.
The Group’s passenger capacity by the end of Q2 FY20/21 is projected to be approximately 7% compared to pre-Covid-19 levels.
Currently, out of SIA Group’s fleet of 220 aircraft, including 7 freighters – only 32 aircraft are deployed on passenger services.
All 7 freighters are operational in addition to 39 passenger aircraft, which have been deployed on cargo-only services.
119 aircraft are parked at Changi Airport, while 29 aircraft are stored in Alice Springs.
8,752 total views, 94 views today
With more than 25 years of experience in defence publishing, Global Business Press and its industry leading titles Asian Defence Technology, Asian Airlines & Aerospace and Daily News are the leading defence publications in the region, present at more international shows and exhibitions than any other competing publication in the region.