Singapore Airlines warns of profit pressures as competition and fuel costs bite

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Singapore Airlines warns of profit pressures as competition and fuel costs bite
ProfitsFuel CostsCompetition
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SINGAPORE, Aug 2 — Singapore Airlines on Wednesday warned that a key revenue metric would remain under pressure this year as rising competition crimps average fares and higher...

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Airlines globally have been increasing the number of flights and routes as they rebuild after the pandemic and cater to robust air travel demand, especially during the summer months. “Passenger yields are expected to stay below the previous year’s levels as more capacity enters the market, particularly in the Asia-Pacific region,” it added.

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