SINGAPORE ― Singapore Airlines will continue to grow its capacity, executives said on Friday, even as some of its biggest rivals like Cathay Pacific and Qantas cut flights due to surging fuel prices caused by the Middle East conflict.
In a results briefing, the Singapore carrier pointed to its strong balance sheet with SG$7.9 billion ($6.19 billion) of cash and continued demand for its flights, particularly as passengers seek out alternate hubs to avoid transiting in the Gulf.