Shares of Singapore Airlines (SIA) this past week received a booster shot given the positive news concerning the aviation industry. The stock closed 14% higher at $3.91 on Nov 10 from the previous day’s close. It climbed further to end at $$3.92 on Nov 11, though it is still down 38.5% year to date.

For one, air travel is slowly resuming. On Nov 11, Singapore announced it will begin air travel bubble flights with Hong Kong on Nov 22. There will be one flight a day into each city with a quota of 200 travellers per flight. This will be increased to two flights a day into each city with a quota of 200 travellers per flight from Dec 7. Of course, travellers must meet the eligibility criteria and adhere to the prevailing border control measures and public health requirements of both cities.

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