SIA Group dives to a $1.12b loss in Q1

Uploaded By:  Nathanielle Punay Submitted By:  Nathanielle Punay Case Study:  No The fall in the group’s revenue was attributed to a plunge in its airlines’ passenger traffic. Singapore Airlines (SIA) Group has sunk into a net loss of $1.12b in Q1 FY2021 from a net profit of $111m in Q1 FY2020, an announcement revealed. The group’s revenue also drastically dropped 79.3% from $4.1b to $851m over the same period. read more