SINGAPORE: Singapore has continued to transform itself into a global entertainment hub, drawing in tourists as it hosts a slew of high-profile events, with the F1 Grand Prix setting the stage for more attractions in the coming months.
The anticipation surrounding these events is not limited to the entertainment industry alone. Airlines, airport services, and entertainment companies are also poised to benefit. At the forefront of Singapore’s reopening stands Singapore Airlines , the national carrier, which has recently reported a record annual profit of S$2.2 billion for its latest fiscal year. This profit comes after a S$948 million loss in the previous year.
SIA not only supplies SATS but is also one of its customers, along with other major carriers such as Cathay Pacific and Air France-KLM. SATS is pivotal, accounting for approximately 80% of Changi Airport’s airline catering and air-cargo services market. This market dominance positions SATS as a prime beneficiary of the increasing traffic through the hub.
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Source: asiaonecom - 🏆 10. / 59 Read more »