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BRIEF-Singapore Airlines Posts Qtrly Loss Attributable Of S$732.4 Million

Reuters SG
·1-min read

May 14 (Reuters) - Singapore Airlines Ltd:

* QTRLY REVENUE S$3,180.8 MILLION VERSUS S$4,075.1 MILLION

* QTRLY LOSS ATTRIBUTABLE S$732.4 MILLION VERSUS PROFIT OF S$202.6 MILLION

* IN NEAR TERM, GROUP EXPECTS TO SEE FURTHER FUEL HEDING LOSSES

* CUTS IN PASSENGER FLIGHT OPERATIONS HAVE SIGNIFICANTLY REDUCED OVERALL CARGO CAPACITY

* NO VISIBILITY ON TIMING OR TRAJECTORY OF RECOVERY IN INTERNATIONAL AIR TRAVEL IN MONTHS AHEAD AT THIS POINT

* NO FINAL DIVIDEND HAS BEEN DECLARED

* ENGAGED AIRCRAFT MANUFACTURERS EARLY TO NEGOTIATE ADJUSTEMENTS TO OUR DELIVERY STREAM FOR EXISTING AIRCRAFT ORDERS

* SEEKING TO RETAIN OUR STAFF THROUGH THE CRISIS

* EXPLORING OTHER SOURCES OF FUNDING, INCLUDING SECURED FINANCING & SALE AND LEASEBACK TRANSACTIONS Source text for Eikon: Further company coverage: (Reuters.Briefs@thomsonreuters.com)