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Cautious Singapore looks for growth after horror loss

Singapore Airlines is cautiously optimistic about a further recovery in international demand after posting a horror $S4.3 billion net loss in what it labelled the toughest year in its history.

It is predicting passenger capacity will be at about 28 percent of pre-COVID levels by June with this increasing to 32 percent by July as it flies to about about 49 percent of the points it serviced before the pandemic.

The global pandemic saw passenger traffic slump almost 98 percent in the financial year ended March 31 as group revenue fell 76 percent to $S3.8 billion.

READ: Strong domestic demand sees Qantas read more ⇒

Source:: AirlineRatings.Com

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