Dear brothers and sisters SIA is making SGD1.5 million loss on the daily basis. Apparently prostitutes foreign talents fail to float SIA. Singapore Airlines swings to S$138m net loss in Q4 SINGAPORE: Singapore Airlines (SIA) on Thursday (May 18) reported a net loss of S$138 million in its fourth quarter from January to March, reversing from a S$225 million net profit in the same period last year. Fuel costs before hedging increased $331 million in the quarter, due to a 50.7 per cent surge in average fuel prices and a stronger US dollar against the Singapore dollar. The company also said that passenger flown revenue fell $17 million despite a 5.5 per cent traffic growth. "Intense competition continues to exert pressure on yields amidst persistent cost pressures," SIA said in a news release.