Changi Airport’s Profits Drop; Prepares For Protracted Recovery
Credit: Changi Airport Group
SINGAPORE—Singapore’s Changi Airport (SIN) has imposed pay cuts as high as 30% on its staff in preparation for an uncertain recovery across its various portfolios. Changi Airport Group (CAG) reported a net profit of S$435 million ($304 million) for its fiscal 2019/20 through March 31, 2020—a fall of...
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