#2 Singapore Airlines
What about flights from China to Singapore? Singapore Airlines (SIA) got you covered for the trips between the two countries. SIA is primarily engaged in the business of transporting passengers and cargoes across the world, and also engineering services. Currently, in Singapore, there are about
38 total weekly flights to China, with SIA
estimated to account for about 29 of the weekly flights (including Hong Kong). There is much opportunity for SIA to scale up as the current 38 total weekly flights is only about 10% of the pre-pandemic flight frequencies of 400 per week. In terms of financial performance, SIA’s trailing revenue of SGD13.2 billion as of September 2022 is close to its pre-pandemic revenue of SGD16.3 billion in 2019. Meanwhile, profits have also rebounded to SGD816.1 million, even exceeding 2019’s profit of SGD721.6 million. SIA could be a good bet for your portfolio for the...