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...
Travelers Catch Break as US Airfares, Rental Car Prices Fall
China Markets Face Choppy Return From Holidays as Risks Abound
Ryanair Beats Estimates, Cautions on Traffic Amid Boeing Delays
India’s Go Airlines Hopes to Resume Daily Flights by Month End
Rhodes: First flights taking NI tourists from wildfires due later
Southwest Airlines to Slow 2024 Growth as Travel Demand Eases
Chanel Adds New Hong Kong Retail Space as Tourists Return
China Reopening Drives Demand for Industrial Land in Thailand