Issue Summary

Two legends of the airline business — Singapore Airlines and Emirates — are both thriving in the post-pandemic aftermath. Though many corporate travelers are still missing, there’s more than enough leisure demand to go around, filling up both economy and premium cabins alike. Costs are up from the pre-Covid days. But fuel costs are still down from last year’s highs. Capacity in many international markets is down as well. And revenues are up sharply. It’s a good time to be a premium longhaul airline.