Singapore Airlines posts $302 million first-quarter loss

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FILE PHOTO: A Singapore Airlines Airbus A330 plane takes off behind a Boeing 787 Dreamliner at Changi Airport in Singapore
FILE PHOTO: A Singapore Airlines Airbus A330-300 plane takes off behind a Boeing 787-10 Dreamliner at Changi Airport in Singapore March 28, 2018. REUTERS/Edgar Su/File Photo/File Photo

July 29, 2021

(Reuters) – Singapore Airlines Ltd (SIA) on Thursday posted a S$409 million ($302 million) first-quarter loss, narrower than a year earlier, helped by a strong air cargo market and no major impairments.

The company posted a record S$1.1 billion loss a year earlier.

The airline reported revenue of S$1.30 billion, up from S$851 million a year earlier.

($1 = 1.3544 Singapore dollars)

(Reporting by Nikhil Kurian Nainan in Bengaluru and Jamie Freed in Sydney; Editing by Sriraj Kalluvila)