Singapore Airlines is rebounding much faster and flying high on a relentless wave of travel demand. - PHOTO: ST FILE
SINGAPORE, June 20 (Bloomberg): The fortunes of Singapore Airlines Ltd. and Cathay Pacific Airways Ltd., the flagship airlines of two of Asia’s most important financial hubs, differed during the pandemic and continue to diverge in its aftermath.
Their valuations are revealing - Singapore Air’s market value of US$17 billion (RM58.7 billion) is almost three times that of Cathay’s. Four years ago the difference was only about $2 billion. Singapore Air just ended a 12-day run of gains, the longest streak since 2008, and it is up about 40% this year. Cathay has fallen 9.3%.
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