“SINGAPORE, Singapore — Recession-hit Singapore Airlines (SIA) said Thursday 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, already has nine A380s in operation with two more due for delivery in the current financial year.
SIA said in July it lost 307.1 million Singapore dollars (213.26 million US) in the April to June .
The airline earned a net profit of 358.6 million dollars in the same quarter last year. Revenue declined 30 percent to 2.87 billion dollars and the airline warned it expected to report a full-year loss if the downturn continues.”