The number of passengers at Singapore’s Changi Airport decreased for the first time in more than a decade, in the year ending in late March, as the decline in the last two months of this year reduced the increase achieved at the start of the flight, raising concern about a further decline.
To deal with the apparently protracted crisis, the Changi Group has struck two lounges at Singapore airport, aiming to save operating expenses after flights fell to the lowest in airport history.
“The battle with Cupid 19 has just begun,” the group said in its annual report. The future looks terrible, with no signs of improvement. ”
According to the International Air Transport Association, there are 25 million threatened jobs in the aviation sector and related businesses, such as the travel and tourism sector.
Cerium data indicate that a third of the global fleet of 26,000 aircraft is still idle. Some of these planes are stationed in the desert, or queue at the airport runways.
Changi Airport, Singapore
In fog in May, Changi Airport was named the best airport for the eighth year in a row, according to Skytrax’s ranking.
Changi Airport opened in 2019, as an extension of the 1.5 million square meter airport that includes shopping malls, entertainment areas, tropical forests, a maze and the largest indoor waterfall.
To provide liquidity, the company has reduced salaries by up to 30% for both executives and employees, and has recommended that cash dividends be deducted this year. Construction work on Building 5 was suspended for at least two years
The company’s profits fell 36% to $ 319 million, as a result of declining revenues at Tom Jobs International Airport in Rio de Janeiro, where the group owns 51%, in addition to the collapse of international travel. Shopping and entertainment activities contributed to the revenue increase by 2.6% to $ 3.1 billion during the period.
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