Singapore Airlines Ltd. burned through half of the $8.8 billion raised. Is this necessary or simply poor management?

According to Bloomberg, of the $4.4 billion spent since mid-June, $1.1 billion was used for operating expenses, maturing fuel-hedging trades and ticket refunds from cancelled flights due to the coronavirus pandemic, the airline said Wednesday. About $2 billion was used to repay a bridge loan facility, $900 million to service debt and $200 million to buy aircraft.

https://sg.finance.yahoo.com/news/singapore-air...