Indonesia's national flag carrier Garuda Indonesia reported a net loss of 12.87 trillion rupiah (898.65 million USD) in the first half of this year as the COVID-19 pandemic hit travel-related industries hard.
Singapore Airlines (SIA) Group announced on May 19 that it posted a 4.27 billion SGD (3.2 billion USD) net loss for the fiscal year of 2020/21 due to the COVID-19 pandemic.
AirAsia Group of Malaysia said on November 24 that its net loss for the third quarter widened year-on-year due to the depreciation of right-of-use assets and lower travel demand.
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