International Business & Economy Singapore Airlines facing tougher competition on prized routes: WSJ

Singapore Airlines facing tougher competition on prized routes: WSJ

Author

Date

Category

- Advertisement -

Wall Street Journal said Singapore Airlines and its regional rivals such as Cathay Pacific have seen their ability to charge more for their premium services erode in recent years.

The local airline is facing stiff competition from Middle East-based carriers such as Emirates Airline and Qatar Airways.

This is the case on it’s prized European and U.S. routes, while highly aggressive discount carriers have taken away leisure travellers on shorter routes within Asia.

But these are not the only challenges faced by the airline.
Singapore Airlines said the recent fuel prices volatility poses another challenge. The airline’s fuel bill rose 9.2% on year to S$1.02 billion in the December quarter.
Fuel prices are rising and are expected to remain volatile, Singapore Airlines said, adding that it has hedged 41% of its jet-fuel requirements at a weighted average price of US$65 a barrel in the current quarter, said WSJ.

Follow us on Social Media

- Advertisement -

Send in your scoops to news@theindependent.sg 

- Advertisement -

MOH issues POFMA correction order to Goh Meng Seng, Singapore Uncensored over Covid vaccines’ adverse effects

Singapore — People's Power Party leader Goh Meng Seng and the Singapore Uncensored website were asked to post correction notices online for false claims that Covid-19 vaccines are linked to incidents of stroke and heart attack, the Ministry of Health (MOH)...

Singapore economy posted 0.2% growth on a year-on-year basis: Chan Chun Sing

Singapore — The Singapore economy has begun slowly recovering in the new year. According to the Ministry of Trade and Industry (MTI), based on advance estimates, the Singapore economy grew by 0.2 per cent on a year-on-year basis in the first quarter...

Writer Sudhir Thomas Vadaketh outlines reasons for hope amid 4G succession crisis

Singapore—In a piece for new media outfit thehomeground.asia, writer Sudhir Thomas Vadaketh argues that there are “reasons” for hope in spite of the shock waves the country received last week over the PAP’s leadership succession. Deputy Prime Minister Heng Swee Keat announced...
Follow us on Social Media

Send in your scoops to news@theindependent.sg 

Theindependent