Flightglobal, 30 Jul 2009, Siva Govindasamy
Singapore Airlines swung to a net loss of S$307 million ($212 million) during its fiscal first quarter, its first quarterly loss since the SARS crisis in 2003.
The Star Alliance member also warned that it expects to report a net loss for the full year if "adverse business conditions" continue.
The net loss for the three months ended 30 June was in contrast to a S$358.6 million net profit a year before. It recorded an operating loss of S$319 million for the first quarter, against an operating profit of $343 million in 2008.
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