Singapore Airlines expands capacity as rivals cut back
Singapore Airlines will increase flight capacity and launch new routes despite rising fuel costs. The carrier reported a 57.4 percent drop in annual profit.
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Singapore Airlines will expand flight capacity through the second half of the year despite rising fuel costs and regional competition. The carrier maintains a cash balance of S$7.9 billion ($6.19 billion) to fund growth while rivals retreat. This expansion positions the airline to capture traffic from travelers avoiding Middle Eastern transit hubs.
