Air Transport World

Singapore Airlines Group.(fiscal first-quarter earnings)(Brief Article)

Singapore Airlines Group reported an unprecedented net loss of S$312.3 million ($177.7 million) for the fiscal first quarter ended June 30, reversing a profit of S$478.4 million in the year-ago period. First-quarter results included an exceptional item of S$41 million related to retrenchment and early retirement costs. "While it appears that the worst is over, the outlook for the next quarter and the rest of the year is still uncertain," SIA said. …

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