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SingPost's recovery hobbled by reduced airfreight capacity: analysts

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Vivienne Tay

Vivienne Tay

Published Mon, Nov 9, 2020 · 09:50 PM

    Singapore

    ANALYSTS from CGS-CIMB and DBS Group Research said in separate reports that Singapore Post's (SingPost) recovery from the coronavirus pandemic will depend on how quickly the aviation industry can bounce back.

    This comes as the reduced air freight capacity amid pandemic-related disruptions has led to significantly higher conveyance costs for the postal service provider.

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