Singapore Airlines Group operating loss narrows in H2FY2021

    Singapore Airlines Group reported (20-May-2021) the following financial highlights:

    • Six months ended 31-Mar-2021:
      • Total revenue: SGD2181 million (USD1.6 billion), -71.5% year-on-year;
      • Total costs: SGD2831 million (USD2.1 billion), -64.6%;
        • Fuel: SGD640 million (USD468.4 million), -72%;
      • Operating profit (loss): (SGD650 million) (USD475.7 million), compared to a loss of SGD354 million in p-c-p;
      • Net profit (loss): (SGD804 million) (USD588.4 million), compared to a loss of SGD418 million in p-c-p;
    • 12 months ended 31-Mar-2021:
      • Total revenue: SGD3816 million (USD2.8 billion), -76.1%;
      • Total costs: SGD6329 million (USD4.6 billion), -60.2%;
        • Fuel: SGD1016 million (USD743.6 million), -78.1%;
      • Operating profit (loss): (SGD2513 million) (USD1.8 billion), compared to a profit of SGD59 million in p-c-p;
      • Net profit (loss): (SGD4271 million) (USD3.1 billion), compared to a loss of SGD212 million in p-c-p;
      • Total assets: SGD37,581 million (USD27.5 billion);
      • Total liabilities: SGD21,303 million (USD15.6 billion).
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