SIA's losses could amount to over $1b in FY2021

Submitted By:  Nathanielle Punay Case Study:  No The drop in oil prices will not save them as well. Singapore Airlines (SIA) is projected to post losses totalling $1.26b in FY2021, following deep cuts on its capacity, according to a DBS Group Research.  Factoring in overall passenger capacity of 57% YoY in Q1 FY2021 and 33% YoY in Q2 FY2021, the firm’s revenue is also expected to crash 25% whilst its full-year capacity would fall by 20% YoY. read more