Singapore Airlines sees mixed signs: improved demand, but may not be sustainable, says CEO
Singapore Airlines CEO, Chew Choon Seng, stated the current recovery in demand may not be sustainable (Bloomberg, 20-Nov-2009). Seperately, however, Executive VP, Huang Cheng Eng, stated the airline has seen a pick up in cargo demand in the past two months, with this current up tick expected to continue (Reuters, 20-Nov-2009).
Singapore Airlines: “The year 2009 has been one that most, if not all of us would rather forget. As the year draws to its close, the evidence, thankfully, is that we have passed the bottom of the downturn,” Chew Choon Seng, CEO. Source: Bloomberg, 20-Nov-2009.