SIA records near $1 billion Q1 loss 

SIA announced that the second quarter, which ended on June 30 and was the first of the carrier’s 2020 fiscal year, resulted in a 1.123 billion Singapore dollar ($816 million) loss. These losses come on the back of a 99.6% drop in passengers due to COVID 19. SIA parked a majority of its fleet due to the pandemic, leaving just 32 aircraft in passenger service. The carrier also continues to operate its fleet of seven cargo-only aircraft, as well as using 33 converted passenger aircraft on cargo-only services. The rest of the fleet is parked at Singapore Changi Airport and