,Singapore

China Aviation Oil's 2022 profit to increase 46%: RHB

A return to pre-pandemic levels, however, could take two to three years.

China Aviation Oil is expected to see a 46% surge in its 2022 profit, according to an update published by RHB.

A rebound of domestic aviation traffic is expected to happen next year, the report pointed out. This is due to a statement made earlier by China's top three airlines, stating that the government’s current travel restrictions could last until next year. 

A return to pre-pandemic levels, however, could take two to three years and is in line with the projected recovery of global aviation traffic.

Previously, aviation passenger volume experienced a 50% year-on-year drop to $22.4m in August.

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Module integration and completion are not part of its responsibilities.
The company says it will continue to welcome feedback from workers.
OneMap3D data from ERA will be incorporated into its RealtyWatch mobile apps
$500,000 was contributed to the library's Green Grove showcase.
He has over 25 years of experience in business and risk roles.
The country also won 'Best Seaport in Asia' for the 33rd time.
Flight bookings were made available on 22 October.
Sembcorp Industrialshowed the most growth.
Analysts said there are three factors that drove the price growth.
Prices of private residential properties rose by 1.1% in Q3, marking the sixth consecutive quarter of growth.
72% of Singaporeans were aware of the term 'ESG.'
This strong performance was due to the recent acquisitions by the company.