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SIA, Qantas’ diverging fortunes reflect state of wider global aviation industry

Bloomberg
Bloomberg5/20/2021 11:22 AM GMT+08  • 3 min read
SIA, Qantas’ diverging fortunes reflect state of wider global aviation industry
While not out of the woods just yet, Qantas said Thursday it expects revenue from routes within Australia to almost double.
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Qantas Airways Ltd. and Singapore Airlines Ltd. are travelling in opposite directions when it comes to the coronavirus crisis, with the former emerging strongly thanks to its buoyant home market and the latter mired in trouble with record losses as it can barely fly anywhere.

While not out of the woods just yet, Qantas said Thursday it expects revenue from routes within Australia to almost double in the six months through June from the second half of last year. The airline and its low-cost unit Jetstar have added 38 routes since July to cater to people jetting around the essentially Covid-free country while international travel remains off limits.

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