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Singapore Airlines faces largest quarterly loss amid COVID-19


Syed Umarullah HussainiWeb Editor

29th Jul, 2020. 03:46 pm
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Singapore

Singapore Airlines has posted its largest quarterly loss on record after the coronavirus left it flying a tiny fraction of its usual number of passengers.

According to the details, net loss in the three months to June was S$1.12 billion ($815 million), compared with a net income of S$111 million a year earlier, the carrier said.

In addition to this, the sales dropped 79% to S$851 million.

The novel coronavirus pandemic continues to torment the global aviation industry, which is which is struggling with a plunge in traffic caused by tight border controls and a reluctance to travel.

Singapore Airlines has said that passenger traffic could take two to four years to recover to levels seen before the outbreak.

Earlier Hawaiian Airlines in its latest announcement has extended flight suspensions on long-haul routes.

This came as Hawaii has delayed its reopening for mainland tourists amid a surge in novel coronavirus cases.

In turn, the move has pushed the state’s leading airline to push its flight resumptions.

For now, Hawaiian is only flying from Honolulu to Los Angeles, Portland, Sacramento, San Diego, San Francisco, and Seattle.

This means that the carrier has suspended flights to the following destinations:

Boston, Las Vegas, Long Beach, New York City, Oakland, Phoenix, and San Jose.

These mainland flights are suspended through August 31st.

The flight from Boston to Honolulu is the longest domestic flight in the United States.

The carrier only recently added the northeastern US city to its route network back in April 2019.

Hawaiian Airlines also flies to Australia and New Zealand.

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