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
Singapore’s GDP Expansion Beats, Sees 2024 Growth of 1%-3%
We Found The Ultimate Travel Backpack — & R29 Readers Get It For 15% Off
Thai Coalition Talks Spook Markets Amid Split Over Law on Royals
Delta Gains as Global Travel Drives Profit Forecast Higher
Thai Central Banker Signals More Hikes to Win Inflation Fight
Train Derails in Swiss Gotthard Tunnel, Halting Key Freight Route
Record Heat in Southern Europe Sends Travelers Heading for the Nordics