SIA has strong balance sheet to withstand any shock that may come: CEO
Singapore Airlines has sounded a note of optimism, despite the global uncertainty. It said it has S$10 billion in fixed deposits and another S$3.3 billion in undrawn credit lines to withstand any slowdown in business. These include the potential impact of shifting tariff policies and geopolitical uncertainty. Still, the firm said the challenges ahead pale in comparison to those it faced during the COVID-19 pandemic. SIA has announced more than 7.45 months worth of bonuses for its employees amid a record annual profit of S$2.8 billion. Kate Low reports.
Singapore Airlines has sounded a note of optimism, despite the global uncertainty. It said it has S$10 billion in fixed deposits and another S$3.3 billion in undrawn credit lines to withstand any slowdown in business. These include the potential impact of shifting tariff policies and geopolitical uncertainty. Still, the firm said the challenges ahead pale in comparison to those it faced during the COVID-19 pandemic. SIA has announced more than 7.45 months worth of bonuses for its employees amid a record annual profit of S$2.8 billion. Kate Low reports.
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