Originally posted by lingua101
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https://www.singaporeair.com/saar5/p...e-q2fy1718.pdf
With fuel prices at multi-year lows, SQ should have reported stellar numbers in the 6 months ending September. But as I wrote on another thread, there was plenty of creative story telling in the results.
They can continue to make minor gains (digital this and that, duty free, etc, etc) but the macro trends are not going away. There is significant excess capacity in the airline business and yields will be structurally low for the foreseeable future. Congratulations to Boeing and Airbus for saturating the market.
I remember what I paid for my flight back from college in East Coast US in a summer in the early 90s - on CI, with 3 stopovers (including a miserable 8 hour wait in TPE). Today, I can get the same route at the same price with a seamless transfer in the same airport on a much nicer seat on BR.
Meanwhile the price of a bowl of bak chor mee has probably tripled in the same period.
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