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19 May 2021 Page 1 of 27 SINGAPORE AIRLINES AUDITED RESULTS FOR THE YEAR ENDED 31 MARCH 2021 1 ( a ) An income statement ( for the group ) , together with a comparative statement for the corresponding period of the immediately preceding financial year . CONSOLIDATED PROFIT AND LOSS ACCOUNT FOR THE FINANCIAL YEAR ENDED 31 MARCH 2021 ( in $ million ) The Group 2nd Half 2nd Half The Group FY 2020/21 2019/20 2020/21 FY 2019/20 REVENUE EXPENDITURE Staff costs Fuel costs 2,181.5 7,651.4 3,815.9 15,975.9 583.5 1,047.2 1,160.5 2,563.6 639.5 2,287.6 1,015.5 4,636.5 Fuel hedging ineffectiveness ( 349.6 ) 709.8 214.0 709.8 Depreciation 985.0 1,135.1 2,075.9 2,134.2 Impairment of property , plant and equipment 2.0 13.2 2.0 14.2 Amortisation of intangible assets 34.1 30.5 65.8 57.5 Aircraft maintenance and overhaul costs 213.4 395.3 446.4 835.4 Commission and incentives 7.0 234.7 ( 13.6 ) 489.8 Landing , parking and overflying charges 135.8 414.0 219.0 886.4 Handling charges Rentals on leased aircraft 220.1 615.3 394.1 1,276.7 6.2 12.0 9.8 79.2 Inflight meals 7.3 254.4 10.7 539.0 Advertising and sales costs 17.7 164.4 12.6 334.2 Company accommodation and utilities 17.3 32.2 35.7 50.2 Other passenger costs 15.8 84.9 31.1 187.7 Crew expenses 10.1 85.2 15.0 172.4 Impairment of amount owing by a joint venture company 61.6 12.6 61.6 Other operating expenses 285.9 428.0 621.3 888.4 2,831.1 8,005.4 OPERATING ( LOSS ) / PROFIT ( 649.6 ) ( 354.0 ) 6,328.4 ( 2,512.5 ) 15,916.8 Finance charges ( 146.9 ) ( 106.1 ) ( 267.9 ) 59.1 ( 220.9 ) Interest income 15.2 14.9 35.4 42.1 Impairment of aircraft ( 285.7 ) ( 1,734.3 ) Impairment of goodwill ( 170.4 ) Impairment of base maintenance assets ( 1.9 ) ( 36.9 ) Impairment of intangible assets ( 11.4 ) ( 11.4 ) ( Loss ) / Surplus on disposal of aircraft , spares and spare engines ( 9.0 ) ( 0.4 ) ( 27.0 ) 6.9 Dividends from long - term investments 6.6 1.0 8.4 3.2 Other non - operating items ( 49.7 ) ( 42.2 ) ( 127.8 ) ( 31.9 ) Share of ( losses ) / profits of joint venture companies ( 0.6 ) 25.6 Share of losses of associated companies ( 48.6 ) ( 45.5 ) LOSS BEFORE TAXATION ( 1,181.6 ) ( 506.7 ) 14.0 ( 126.8 ) ( 4,957.2 ) 46.4 ( 125.1 ) ( 220.2 ) TAXATION 376.0 111.4 LOSS FOR THE PERIOD ( 805.6 ) ( 395.3 ) 673.8 ( 4,283.4 ) 50.8 ( 169.4 ) ( LOSS ) / PROFIT ATTRIBUTABLE TO : OWNERS OF THE COMPANY ( 803.7 ) NON - CONTROLLING INTERESTS ( 1.9 ) ( 805.6 ) ( 417.6 ) 22.3 ( 395.3 ) ( 4,270.7 ) ( 212.0 ) ( 12.7 ) ( 4,283.4 ) 42.6 ( 169.4 ) LOSS PER SHARE ( CENTS ) ¹ DILUTED LOSS PER SHARE ( CENTS ) ¹ ( 18.8 ) ( 22.1 ) ( 115.6 ) ( 11.2 ) ( 18.8 ) ( 22.1 ) ( 115.6 ) ( 11.3 ) 1 With the completion of the issuance of rights shares and mandatory convertible bonds on 8 June 2020 , prior year comparatives for earnings per share were restated per IAS 33 Earnings Per Share through retrospective application of a bonus factor to the average weighted number of shares . The bonus factor is derived from the division of fair value per share immediately before the exercise of rights by the theoretical ex - rights fair value .