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Analysis: Cash-rich Singapore Airlines aims for regional dominance as rivals pull back

Analysis: Cash-rich Singapore Airlines aims for regional dominance as rivals pull back Reuters 11 hrs ago By Jamie Freed © Reuters/Edgar Su FILE PHOTO: FILE PHOTO: A Singapore Airlines Airbus A330 plane takes off behind a Boeing 787 Dreamliner at Changi Airport in Singapore By Jamie Freed (Reuters) - Singapore Airlines Ltd (SIA), flush with $16 billion raised since the start of the pandemic thanks to help from a state investor, is in a position of dominance among its Southeast Asian rivals as they downsize and restructure. The crisis threatened the survival of hub carriers that lack domestic markets such as SIA, Hong Kong s Cathay Pacific Airways Ltd and Dubai s Emirates. Indeed, Singapore Prime Minister Lee Hsien Loong last year said the government would spare no effort to ensure SIA made it through the pandemic.

Cash-rich Singapore Airlines aims for regional dominance as rivals downsize

Cash-rich Singapore Airlines aims for regional dominance as rivals downsize
business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.

Who is airline turnaround of the year?

LOT Polish Airlines was selected for its return to profit since 2016, following an extended period of loss-making, while also resuming strong traffic growth. In 2019, it expects to carry 10 million passengers for the first time, more than twice its traffic of just four years ago. A restructuring programme started in 2012 made LOT much more competitive and better placed to face strong low-cost competition on short haul routes in Poland. While short haul competition is fierce, LOT is the leading airline on routes within Central Europe. Moreover, it is Central Europe’s only long-haul operator of any significance, styling itself as the region’s favourite network airline.

Qantas may cut business class seats as demand plunges

Qantas may cut business class seats as demand plunges
eturbonews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eturbonews.com Daily Mail and Mail on Sunday newspapers.

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