Singapore Airlines loss of SGD157 for 2Q09. Yields still in the doldrums and declining

SIA made an operating loss of SGD157 million for the second quarter of its financial year, 1-Jul-2009 to 30-Sep-2009. While less than the first quarter loss, this sequence of three successive quarterly losses is still unfamiliar territory for the airline. This represented also the airline's first back-to-back quarterly net loss for seven years. Singapore Cargo also is steeply below the line, although, like the passenger side, the loss for 2Q, was less than for 1Q.