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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. ....

United Arab Emirates , United States , Hong Kong , New South Wales , Peter Harbison , Subhas Menon , Campbell Wilson , Goh Choon Phong , Centre For Aviation , Malaysia Airlines , Thai Airways , Hong Kong Cathay Pacific Airways Ltd , Garuda Indonesia , Association Of Asia Pacific Airlines , Temasek Holdings , Singapore Airlines Ltd , A Singapore Airlines Airbus , Philippine Airlines , Changi Airport , Airlines Ltd , Southeast Asian , Cathay Pacific Airways Ltd , Singapore Prime Minister Lee Hsien Loong , Asia Pacific , North America , Choon Phong ,

Cathay Pacific forecasts reduced monthly cash burn in H2


Check out what s clicking on FoxBusiness.com.
Hong Kong s Cathay Pacific Airways Ltd expects to reduce its cash burn to less than HK$1 billion ($128.84 million) a month in the second half of the year, its chief financial officer said.
The airline had been burning up to HK$1.9 billion of cash per month in the first half due to crew quarantine restrictions but that will fall in the second half as rules are eased for vaccinated crew and capacity rises, Chief Financial Officer Rebecca Sharpe said at an analyst briefing on Friday.
A webcast of the invitation-only briefing was made public on Saturday evening. ....

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