Fri, Sep 04, 2009 - Page 11 News List

Singapore Airlines delays deliveries of eight A380s

AFP , SINGAPORE

Recession-hit Singapore Airlines (SIA) said yesterday it had agreed with Airbus to defer the delivery of eight A380 superjumbo jetliners by six to 12 months.

The airline, which posted its first quarterly loss in six years during the June quarter, has nine A380s in operation and two more due for delivery in the current financial year.

SIA said in July it lost S$307.1 million (US$213.26 million) in the April to June period, its first quarterly loss since the SARS outbreak in 2003. The airline earned a net profit of S$358.6 million in the same quarter last year.

Revenue declined 30 percent to S$2.87 billion, and the airline warned it expects to report a loss for the full year if the current downturn continues.

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