Singapore Airlines reports net loss in fourth quarter

AFP, SINGAPORE: Singapore Airlines (SIA) yesterday reported a net loss in the fourth quarter, causing full-year profit to drop by more than half as intense competition continued to buffet the carrier.
SIA has been battling strong competition from Asian low-cost carriers and Middle Eastern airlines, which now boast modern fleets and top-quality inflight services.
It said in a statement that a "wide-ranging review" of the company's network, fleet, products, services, organisational structure, and processes is underway to better position the airline for the future.

Singapore Airlines reports net loss in fourth quarter

AFP, SINGAPORE: Singapore Airlines (SIA) yesterday reported a net loss in the fourth quarter, causing full-year profit to drop by more than half as intense competition continued to buffet the carrier. SIA has been battling strong competition from Asian low-cost carriers and Middle Eastern airlines, which now boast modern fleets and top-quality inflight services. It said in a statement that a wide-ranging review of the companys network, fleet, products, services, organisational structure, and processes is underway to better position the airline for the future.