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The pandemic has severely hurt Cathay Pacific Airways and Singapore Airlines, but HK-based Cathay is likely in a tougher spot, analysts say.
When Singapore Airlines Ltd. said seats on its superjumbo-turned-restaurant sold out in 30 minutes, one common question was: “Who on Earth would want to do that?”
Affluent, food-loving Singaporeans aren’t averse to spending $500 on a meal. But generally, they expect that it’ll come with a bit of ambience. Thanks to the pandemic, that bar has been lowered.