SIA and the 3 stocks that offer potential exposure to the aviation sector recovery
THE world is reopening, and airlines are finally getting that long-awaited boost in air travel demand as well as the accompanying mending of their bruised financials.
In Singapore, passenger traffic reached 400,000 or 31 per cent of pre-Covid levels in the week ending Apr 17 - up from 18 per cent a month ago - after the city-state reopened its borders to all fully vaccinated travellers from April.
The number of passenger flights also saw an increase to 38 per cent of pre-Covid levels in that week, from 29 per cent a month ago.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
BNP Paribas beats estimates as lower costs offset trading slump
TikTok ultimatum puts US firms in firing line for China response
Toyota and Nissan pair up with Tencent and Baidu for China AI arms race
BHP targets Anglo American in bid valuing miner at US$39 billion
FTSE 100 hits record high on big mining M&A, earnings push
Hermes Q1 sales jump 17% on strong China demand