Singapore Airlines (SGX: C6L) (SIA), our nation’s flag carrier, announced its financial performance for the third quarter ended 31 December 2020 (3Q FY2020/21).  SIA has been battered by the COVID-19 pandemic, with government-imposed travel restrictions and border controls around the world impacting the group.  Are there any bright spots emerging after more than a year since Singapore saw its first case?  SIA’s latest financial results could hold some clues…   TL;DR: Lower Revenue Year-on-Year But Improvements Seen on a Quarter-on-Quarter Basis  Here’s a summary of SIA’s latest earnings: The group’s total revenue tumbled 76.1% year-on-year to S$1.1 billion largely due to a sharp drop in passenger flown revenue.  SIA recorded an operating loss of S$330.8 million and a net loss of S$141.8 million for the third quarter, reversing from operating and net profits a year ago.  The group’s debt-to-equity ratio, which is a measure of financial strength, improved from...