Singapore Airlines Ltd. reported record annual results despite flying at 78% of pre-Covid capacity and carrying almost 10 million fewer passengers than the 12 months through March 2020. Airfares remain elevated, and the carrier said bookings for China, Japan and South Korea are leading the rebound. Hong Kong rival Cathay Pacific Airways Ltd. has a way to go before it gets to those lofty heights, with last year’s revenue still only about half of pre-pandemic levels.
Singapore Air’s Record Results Leave Rival Cathay in Wake: Chart
2023-05-17 13:23
Singapore Airlines Ltd. reported record annual results despite flying at 78% of pre-Covid capacity and carrying almost 10
You Might Like...
15 Great Father’s Day Gifts to Celebrate Every Kind of Dad
Atlantis Dubai Plots Global Expansion to Cash In on Travel Boom
Singapore Wine Auction Nets $4.2 Million, As Valuable Whisky Fails to Sell
Indian Media Attacks Trudeau Over Claim of Extrajudicial Killing of Sikh Leader
Delta Air Reinstates Quarterly Dividend After Three-Year Halt
From ‘jorts’ to clear backpacks, US back-to-school spending to hit record high this year
Thailand Declares Additional Holiday to Spur Tourism, Economy
Wall St sees bargains, lure of Europe buoying cruise, hotel earnings