Singapore Airlines warns of pressure on passenger yields due to stiff competition

SINGAPORE Airlines on Wednesday warned that a key revenue metric would remain under pressure this year as rising competition crimps average fares and higher fuel costs dent profits.

Airlines globally have been increasing the number of flights and routes to cater to robust air travel demand, especially during the summer months. This has resulted in heightened competition, squeezing airlines' margins as ticket prices take a hit and fuel costs rise.