Singapore Airlines Ltd (SIA) expects passenger yields, a proxy for airfares, could decline in 2023 as rival airlines bring back planes idled during the pandemic and add capacity, a senior executive said on Monday.
A Singapore Airlines Airbus A330-300 plane takes off behind a Boeing 787-10 Dreamliner at Changi Airport in Singapore March 28, 2018. REUTERS/Edgar SuPassenger yields were 32% above 2019 levels in Q2expects passenger yields, a proxy for airfares, could decline in 2023 as rival airlines bring back planes idled during the pandemic and add capacity, a senior executive said on Monday.
The airline on Friday swung to a second-quarter profit and declared its first dividend in three years as international borders reopened and travel demand rebounded strongly in the three months ended on Sept. 30. The airline reported record revenue in the second quarter despite flying only 68% as much passenger capacity as it did in 2019 amid strong pent-up demand for travel during the peak summer season.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Frozen Dead Guy Days cancels 2023 festival in NederlandFrozen Dead Guy Days in Nederland announced Wednesday that event organizers “have decided to press pause” on next year, citing operational hurdles such as event security, increased production costs and a lack of partnership with its host town.
Read more »
Israel Abanikanda Needs More Attention In 2023 RB ClassPitt's Israel Abanikanda needs more attention when discussing the 2023 RB class. _RyanFowler_ breaks down what Abanikanda does well and why he's having so much success for the Panthers this season. NFLDraft | H2P
Read more »
Southern California prognosticators say expect a recession by mid-2023While the economy grew in the third quarter, Cal State Fullerton economists expect a “hard-ish” landing next year.
Read more »
2023 Mini Cooper Review, Pricing, and SpecsThe 2023 Mini Cooper is an icon in the automotive world, with its cheeky styling, famously sharp handling, and cornucopia of personalization possibilities.
Read more »
Fort Mose Jazz & Blues Series to return to St. Augustine in 2023 - Jacksonville Business JournalThe second installment of the series will welcome artists who have collectively earned 24 Grammys.
Read more »
Paramore Announces 2023 North American Tour: Here Are the DatesThe trek will follow the release of the band’s sixth studio album This Is Why.
Read more »