Asian airlines rush to restore routes as air travel recovers from Covid
Staff, 2022-12-20 17:00:36,
Ahead of the year-end travel season, Asian airlines are ramping up flight options in a battle to board flyers, with air travel continuing to recover as Covid concerns remain largely downgraded.
From Singapore to Japan, carriers have raced to restore routes less well served during the height of pandemic-related border restrictions, with new partnerships now being formed to capture travel demand.
The unwinding of zero-Covid policies in China may gradually spur air travel as well.
But analysts and industry groups note that regional airlines are closely monitoring rising fuel prices and interest rates, as economic uncertainties could dampen earnings while airlines are grappling with a gradual recovery.
This article is from Nikkei Asia, a global publication with a uniquely Asian perspective on politics, the economy, business and international affairs. Our own correspondents and outside commentators from around the world share their views on Asia, while our Asia300 section provides in-depth coverage of 300 of the biggest and fastest-growing listed companies from 11 economies outside Japan.
Shukor Yusof of Endau Analytics said that “both [factors] will determine if an airline can raise capacity without hurting its balance sheet”. He added that “financially strong airlines” like Singapore Airlines (SIA) would have the capacity to increase flight frequencies and new destinations if demand stays firm.
For example, SIA…
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