Singapore Airlines Limited (SGX: C6L), or SIA, recently released an update on the usage of the monies raised from last year’s massive rights issue. Of the S$8.8 billion raised from the rights exercise, the group announced that the remaining S$600 million has been used up on aircraft and aircraft-related payments for its fiscal 2022 second quarter. The money raised was spent within 18 months on various aspects including the paying down of various loans (S$3.8 billion), operating expenses (S$2.2 billion), and ticket refunds (S$1.4 billion). Recall that this huge sum was raised by SIA back then to tide it through one of the worst periods in the history of the airline. Fast forward to today, and the situation hasn’t changed significantly. Borders remain shut for most countries as the COVID-19 delta variant is still spreading like wildfire across the world. The situation begs the question. Should investors be concerned that SIA has utilised all the money it had raised?...