Singapore Airlines Posts Q1 Net Loss Of S$409 Million

Singapore Airlines Ltd :Q1 Net Loss Rose 63.6 Percent To S$ -409 Million.Q1 Group Total Revenue S$1,295 Million Versus S$851 Million.Sia Group Strongly Supports All Efforts To Facilitate Safe Resumption Of International Passenger Travel.Singapore Airlines - Growing Pace Of Mass Vaccination Exercises Across Many Countries Provides Hope For Further Recovery In International Air Travel Demand.Cargo Demand Fundamentals Remain Strong.Risk Of New Variants And Fresh Waves Of Covid-19 Infections In Key Markets Remains A Concern.Sees Passenger Capacity To Be Around 33% Of Pre-Covid-19 Levels In Q2 Of Fy2021/22..Overall Airfreight Demand Is Expected To Be Healthy In Coming Months.Seasonal Fluctuations And Tighter Pandemic Controls In Certain Locations Will Create Short-Term Volatility..Singapore Airlines - By End Of Sept Group Expects To Serve Around 50% Of Points That Were Part Of Our Passenger Network Before Onset Of Covid-19.Overall Industry Airfreight Capacity Continues To Be Tight As Passenger Flights.Bellyhold Cargo Capacity, Have Yet To Recover Fully.All Frontline Ground Staff & Around 98% Of Active Pilots And Cabin Crew In Sia Group Have Been Vaccinated.Vast Majority Of Flights Operated By Vaccinated Pilots And Cabin Crew..Pursuing Adoption Of Low-Carbon Technology Such As Sustainable Aviation Fuels And Carbon Offsetting.Scoot To Resume Flights To Berlin From 10 August Pending Regulatory Approvals.