Singapore Airlines Ltd on Wednesday posted its second-consecutive annual loss, which widened to a record S$4.27 billion ($3.20 billion), and said it would issue S$6.2 billion ($4.66 billion) of convertible bonds to help weather the coronavirus crisis.
The loss for the 12 months ended March 31 was worse than the average S$3.27 billion ($2.46 billion) forecast by eight analysts, according to Refinitiv, and included S$2 billion ($1.5 billion) of impairments largely on the 45 older planes surplus to requirements.
