Serious SIA Is Making 1.5mil loss on the daily basis

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An honorable member of the Coffee Shop Has Just Posted the Following:

Dear brothers and sisters

SIA is making SGD1.5 million loss on the daily basis.

Apparently prostitutes foreign talents fail to float SIA.

Singapore Airlines swings to S$138m net loss in Q4
SINGAPORE: Singapore Airlines (SIA) on Thursday (May 18) reported a net loss of S$138 million in its fourth quarter from January to March, reversing from a S$225 million net profit in the same period last year.
Fuel costs before hedging increased $331 million in the quarter, due to a 50.7 per cent surge in average fuel prices and a stronger US dollar against the Singapore dollar.
The company also said that passenger flown revenue fell $17 million despite a 5.5 per cent traffic growth.
"Intense competition continues to exert pressure on yields amidst persistent cost pressures," SIA said in a news release.


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[sambal]

Not surprising for an airline that has no domestic business. International travel is largely regulated by countries reciprocating these services.

Every other airline provides just as good cabin service these days so competition will be getting tougher. Fares are the next thing they should look at.