Serious SIA Is Making 1.5mil loss on the daily basis

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Serious SIA Is Making 1.5mil loss on the daily basis

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19-05-2017, 10:20 AM

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Serious SIA Is Making 1.5mil loss on the daily basis

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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