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Drop in oil price timely for challenges-fraught Singapore Airlines

PC Lee Published on Mon, Jun 19, 2017 / 1:14 PM GMT+8

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SINGAPORE (June 19): Singapore Airlines, the city state’s flag carrier, faces numerous challenges, but oil could help take the edge off.

Oil prices dipped on Monday, weighed down by a continuing expansion in US drilling that has helped to maintain high global supplies despite an OPEC-led initiative to cut production to tighten the market.

Singapore’s flag carrier recently started a review of its businesses, and changes could include job losses in coming months.

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Drop in oil price timely for challenges-fraught Singapore Airlines