Singapore Airlines has reported a record 3rd quarter SG$2.34 billion (£1.3 billion, US$1.74 billion) loss as the pandemic continues to rock the airline industry.
Singapore only ran 11% of its normal capacity during September and the hopes of a quick recovery have now faded as the pandemic continues in many key markets while others remain closed.
The airline has continued to suffer financially and are believed to be in advanced talks to raise additional funds through selling and leasing back some of its aircraft.
Singapore Airlines have announced that they will retire:
- 7 Airbus A380
- 4 Boeing 777-200/200ER
- 4 Boeing 777-300
They will also retire planes from the SilkAir fleet:
- 9 Airbus A320 (SilkAir fleet)
- 2 Airbus A319 (SilkAir Fleet)
This is in addition to 7 Boeing 777 planes that were removed from service following the closure of NokScoot.
Singapore have also deferred delivery of new planes from Airbus, where it has A320neos, A321neos and A350s on order and are negotiating with Boeing over delivery of a number of B737-8s, B777-9s, and B787s.
Photo Credit Bao Menglong on Unsplash
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