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Changi Airport’s passenger traffic to and from China rebounds to 72% of pre-pandemic levels

$SIA (C6L.SG)$ The article revealed positive trend in air travel industry. Changi’s top three markets by traffic for the first eight months of 2023 were Indonesia, Malaysia and China. As at September, passengers can fly to 25 Chinese cities from Changi and vice versa, compared with 37 in January 2020.
In February, Singapore was one of the first countries China allowed its citizens to travel to in tour groups. This was followed by other moves such as the reintroduction of visa-free travel to Hainan province for citizens of 59 countries, including Singapore, in March. From July 26, China reinstated 15-day visa-free entries for Singaporeans.
Source: The Straits Times
Source: The Straits Times
Quote:
More than 510,000 passengers travelled between Singapore and China in August, making it the first month passenger traffic between the two countries exceeded 500,000 since the Covid-19 pandemic struck.
Based on figures released by airport operator Changi Airport Group (CAG) on Sunday, passenger traffic to and from China rebounded in August to 72 per cent of pre-pandemic levels. In August 2019, there were 713,000 passenger movements between the two countries.

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I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
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