Singapore Airlines (SIA) has reported a record loss for the first half of its 2020/21 fiscal year, with group revenue down by 80.4% to $6.691bn in the six months to end Sept 2020 and a net loss of $3.467bn. This figure was partially offset by stronger cargo revenue, which rose 28.3% to $274 million. Expenses fell 55% to $3.497bn, due to lower fuel expenditure, with non-fuel expenses down 54% as a result of capacity cuts, contract negotiations and staff-related measures. The group has so far reduced its headcount by 4,300 positions across its three airlines, incurring a cost of $42
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