Market Review and Trends
Smart Reads of the Week: Returning to the Skies
By The Smart Investor  •  March 13, 2021
For those who have been feeling cooped up, you can now rejoice. The director of the International Air Transport Association (IATA), Mr Alexandre de Juniac, said that personal and leisure travel will return in the second half of this year. IATA is already working with countries to design and plan protocols and processes to ensure they can reopen borders soon. However, he cautions that it is still early days and that the actual volume of travel by year-end will still be low compared to pre-pandemic days. Business travel will recover even more slowly as companies have learnt to cope by using videoconferencing tools and remote communications to replace flying. Nonetheless, local companies such as Singapore Airlines Limited (SGX: C6L) and SATS Ltd (SGX: S58) should welcome this news as a sign that recovery is underway. Separately, Transport Minister Ong Ye Kung has maintained that the Hong Kong-Singapore air travel bubble,...
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By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.
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