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...
Luxury Group Lalique Acquires Sauternes Vineyard Near Bordeaux
United Closes In on Large Order for Airbus A321 Narrowbody Jets
United’s CEO Sees Pilot Deal Adding Over $8 Billion in Costs
China Eases Visa Application Process to Attract Foreign Visitors
Highs and Lows of Qantas Boss Loved by Investors, Not Passengers
Greece Fights Wildfires as Wind Raises Risk Across Mediterranean
The Best (and Worst) Times to Hit the Road This Fourth of July Weekend
Olive Oil Producers Turn to Tourists to Combat Soaring Costs, Extreme Weather