Singapore Airlines Limited
The latest such move was the issuance of 3.375% notes due 2029 as part of its S$10 billion multicurrency medium term note programme.The demand for air travel was so strong that it caused the airline’s website toThe carrier recently reported that it carried 596,300 passengers in December 2021, a seven-fold increase compared to December 2020.
Effective cost-cutting measures have also reduced its cash burn rate to just S$106 million for 1H2022, down sharply from the S$1.7 billion in 1H2021.The last time the airline paid out a dividend was S$0.08 per share for 1H2020 , before the onset of the pandemic.SATS is a leading provider of gateway services and airline catering for airlines, food service chains and retailers.
, SATS shared that it was pivoting successfully away from travel-related revenue by expanding the reach of its Food Solutions division. If the business momentum builds up for SATS, it could generate sufficient free cash flow to resume its dividend payments.ARA US Hospitality Trust is a hospitality stapled group that owns a portfolio of 41 select-service hotels across 22 states in the US.