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Analysis: Cash-rich Singapore Airlines positioned for regional dominance as rivals pull back

Analysis: Cash-rich Singapore Airlines positioned for regional dominance as rivals pull back
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

Senior Executives Resign From Cathay Pacific Amid Covid Battle

Senior Executives Resign From Cathay Pacific Amid Covid Battle Shirley Zhao, Bloomberg News The Cathay Pacific Airways Ltd. logo is displayed on a building at Cathay Pacific City, the company s headquarters, in Hong Kong, China, on Wednesday, Oct. 21, 2020. Hong Kong’s Cathay Pacific will slash more than 5,000 jobs and close a regional carrier, the latest airline to enact a sweeping restructuring as the virus’s resurgence in the U.S. and Europe and the lack of a vaccine underscore the ongoing uncertainty in global aviation. Photographer: Roy Liu/Bloomberg , Bloomberg (Bloomberg) Two senior executives at Cathay Pacific Airways Ltd. have resigned, as the Hong Kong-based carrier continues to battle its way through the coronavirus pandemic with severely reduced flight capacity.

Analysis: Cash-rich Singapore Airlines aims for regional dominance as rivals pull back

Analysis: Cash-rich Singapore Airlines aims for regional dominance as rivals pull back Reuters 11 hrs ago By Jamie Freed © Reuters/Edgar Su FILE PHOTO: FILE PHOTO: A Singapore Airlines Airbus A330 plane takes off behind a Boeing 787 Dreamliner at Changi Airport in Singapore By Jamie Freed (Reuters) - Singapore Airlines Ltd (SIA), flush with $16 billion raised since the start of the pandemic thanks to help from a state investor, is in a position of dominance among its Southeast Asian rivals as they downsize and restructure. The crisis threatened the survival of hub carriers that lack domestic markets such as SIA, Hong Kong s Cathay Pacific Airways Ltd and Dubai s Emirates. Indeed, Singapore Prime Minister Lee Hsien Loong last year said the government would spare no effort to ensure SIA made it through the pandemic.

Cash-rich Singapore Airlines aims for regional dominance as rivals downsize

Cash-rich Singapore Airlines aims for regional dominance as rivals downsize
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