With air travel curbed because of the pandemic, Changi Airport Group has sunk into a loss of $954 million for year ended March 31 2021. In the preceding year, it reported earnings of $438 million.

Revenue in the same period slumped by 78% y-o-y to $697 million from $3.12 billion. 

Besides Changi Airport, CAG’s financial reporting includes the Tom Jobim International Airport in Rio de Janeiro, Brazil, its 51%-owned subsidiary.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook