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...
Thai Coalition Talks Spook Markets Amid Split Over Law on Royals
Canada excluded as China loosens group travel bans
South African Visa Waiver Sought for Chinese, Indian Nationals
This Airline Will Rent Out Clothes So You Can Travel Baggage-Free
Greece Fights Wildfires as Wind Raises Risk Across Mediterranean
Italy’s Meloni Wants to Help Tourists Struggling to Hail a Taxi
Delta Gains as Global Travel Drives Profit Forecast Higher
Spanish Growth Slows Slightly as Inflation Unexpectedly Picks Up