The Wall Street Journal, 28 Aug 2009
It's been one of the toughest years yet for Singapore Airlines. The company reported a net loss of 307.1 million Singapore dollars (US$212.5 million) for the quarter ended June 30, compared with a net profit of S$358.6 million a year earlier -- the airline's first quarterly loss in six years. Singapore Airlines carried 19% fewer passengers in June 2009 compared with the same month last year; it also carried 19% less freight. Flight schedules have been cut and some routes have been axed. The hours and pay of staff and management have been trimmed.
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