MICEBTN, 5 Jun 2009
After a dismal financial performance in 2008/09, Singapore Airlines (SIA) says advance passenger bookings indicate the drop in demand for air travel is levelling out, though Influenza A’s long-term impact still is an unknown.
In the near term, says SIA, promotional pricing and reduced business travel will keep revenues, though lower oil prices - jet fuel currently is less than half last year’s peak – is providing savings.
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