Hong Kong, Dec. 13 -- Singapore Airlines (SIA) Group may have reported its biggest ever quarterly loss last month, a net deficit of $1.7 billion, but CEO, Goh Choon Phong, did not show any signs of being disheartened when he announced the results.

In fact, he is convinced the SIA group is in a better position than any other airline in the world to successfully negotiate the crisis. "We strongly believe SIA will be much stronger and fitter from this crisis," he said.

"We have four key foundations that are not common among all airlines. We have a strong and trusted brand. We have strong liquidity and therefore a strong balance sheet. Our people are very committed, very passionate, talented and highly skilled. And in the last few years, as a...