Page 1

No. 03/21 SINGAPORE AIRLINES SIA GROUP NARROWS FIRST QUARTER NET LOSS TO $ 409 MILLION GROUP FINANCIAL PERFORMANCE ● Passenger traffic up as the SIA Group progressively rebuilds its network • Robust cargo performance continues to lead revenue contribution • SIA Group ready to seize revenue opportunities as borders re - open ● Strong balance sheet provides foundation to navigate uncertainties and secure growth First Quarter FY2021 / 22 – Profit and Loss Group Financial Results Total Revenue Total Expenditure Net Fuel Cost The Group financial performance for the first quarter FY2021 / 22 is summarised as follows : Fuel Cost ( before hedging ) Fuel Hedging ( Gain ) / Loss Fuel Hedging Ineffectiveness Fair Value ( Gain ) / Loss on Fuel Derivatives Non - fuel Expenditure Operating Loss Net Loss 1st Quarter 1st Quarter FY2021 / 22 FY2020 / 21 ( $ million ) ( $ million ) 1,295 851 1,569 1,888 360 155 84 71 462 2 1,269 ( 1,037 ) ( 1,123 ) 373 ( 13 ) 29 July 2021 Page 1 of 5 ( 72 ) 1,281 ( 274 ) ( 409 ) 29 July 2021 Better / ( Worse ) ( $ million ) 444 319 ( 205 ) ( 289 ) 84 462 74 ( 12 ) 763 714 Better / ( Worse ) ( % ) 52.2 16.9 ( 132.3 ) n.m. n.m. n.m. n.m. ( 0.9 ) 73.6 63.6 Note 1 : The SIA Group's unaudited financial results for the first quarter ended 30 June 2021 were announced on 29 July 2021. A summary of the financial and operating statistics is shown in Annex A. All monetary figures are in Singapore Dollars . The Company refers to Singapore Airlines , the Parent Airline Company . The Group comprises the Company and its subsidiary , joint venture and associated companies .