The Business Times
business-time-50
SUBSCRIBERS

SIA expects robust demand for near-term, peak periods this year

google-preferred-sourceAdd BT as a preferred source
Tay Peck Gek

Tay Peck Gek

Published Wed, May 17, 2023 · 04:49 PM
    • SIA shares jumped as much as 3 per cent to S$6.10 on Wednesday, a day after the carrier posted record earnings.
    • SIA shares jumped as much as 3 per cent to S$6.10 on Wednesday, a day after the carrier posted record earnings. PHOTO: REUTERS

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    SINGAPORE Airlines (SIA) is experiencing robust demand, not only for this quarter but also for the peak travel season at the year-end, even as it ramps up capacity amid elevated passenger yields. 

    Lee Lik Hsin, executive vice-president of commercial operations at the flag carrier, said: “Demand is robust in the near term, and also across peak periods of the year, which include the summer and the year-end period.”

    He was fielding questions at the listed airline’s briefing for the media and analysts on Wednesday (May 17), a day after the group reported record earnings for the financial year 2023 until March. 

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    Singapore AirlinesFinancial resultsSpotlight

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback

    TRENDING NOW

    Air India has been one of the foreign carriers most affected by the outbreak of hostilities in the Middle East.

    Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss

    In this economy, the smartest bets might no longer be sitting an ocean away, but are waiting right here at home.

    ‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival

    Malaysia Madani, or Civil Malaysia, is Prime Minister Anwar Ibrahim's slogan encapsulating positive values (such as humanity and strong governance) that would shape policy direction. But the "corporate mafia" claims have now cast the spotlight on governance credibility.

    From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?

    Malaysia ranks 23rd globally on the Milken Institute’s global opportunity index.

    South-east Asian markets account for 8.8% of global capital inflows from 2021 to 2024: report

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More