“The battle with Covid-19 has only just begun,” the company said in its annual report. “The future does appear daunting with the situation showing no signs of abatement.”
Changi Airport Group said the impact from the Covid-19 pandemic isn’t abating as officials behind the world’s best airport warned of a “daunting” period ahead.
Passenger traffic for the Singapore airport declined for the first time in more than a decade in the year ended March, as a slump in the last two months of the period wiped out earlier gains, serving as a harbinger of a deeper slump. To brace for “a prolonged crisis,” Changi suspended operations in two terminals to save on operating costs as flights dropped to the lowest levels in its history.
