Steep impairment costs drag SIA to record S$3.5 billion net loss for half year

Airbus A380 SIA Singapore Airlines

Source: Airbus

Singapore Airlines Group took on a hefty impairment charge of S$1.33 billion ($987 million) from the early retirement of 26 older aircraft — including seven Airbus A380s — which led to a record net loss in its half-yearly earnings.

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