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