Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Singapore Airlines expects to inch closer to pre-pandemic capacity by 2022-end

Published 07/05/2022, 06:40 AM
Updated 07/05/2022, 06:46 AM
© Reuters. FILE PHOTO: A Singapore Airlines plane is seen among the planes in the static display at the Singapore Airshow in Singapore, February 16, 2022. REUTERS/Caroline Chia

(Reuters) - Singapore Airlines (OTC:SINGY) Ltd (SIA) said it expects passenger capacity to reach about 81% of pre-pandemic levels by December as flyers rush to the skies after the easing of COVID-19 curbs.

The upbeat forecast from the city-state's flag carrier on Tuesday underscores the airline industry's recovery in 2022 after two years of pandemic-constrained travel, although a surge in crude prices to record highs could pose risks to the outlook.

SIA said it would increase services across Japan and expects to operate there at 62% of its pre-COVID operating capacity by October-end. The airline also expects its operating capacity in India to return to pre-pandemic levels around the same time as it restores its network in the country.

The airline added that it would have more flights to Los Angeles and Paris by December.

SIA had in May forecast a recovery in passenger capacity after Singapore lifted all daily arrival quotas and allowed fully-vaccinated travellers to enter the country without the need to quarantine or take an on-arrival test for COVID-19.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.