SIA burns half of the $8.8b raised in 2 months

Uploaded By:  Nathanielle Punay Submitted By:  Nathanielle Punay Case Study:  No About $2b was used to repay a bridge loan facility. Singapore Airlines (SIA) burned through half of the $8.8b it raised through share sales in just two months, highlighting how carriers’ expenses keep incurring even as planes are grounded. Of the $4.4b spent since mid-June, $1.1b was used for operating expenses, maturing fuel-hedging trades and ticket refunds from canceled flights due to the coronavirus pandemic. About $2b was used to repay a bridge loan facility, $900m to service debt and $200m to buy aircraft. read more