All eyes on its Asia-Pacific market as
- Americas is too far
- Europe is too far
- South America is too far
- Middle East is too far
- South Africa is too far
Similarly for other airlines long haul flights around the world, they are hit hard with high oil prices. Eventually long distance travel will be a luxury. More distance costs more $$$. The world will be smaller until something replaces fossil fuel powered airplanes & ships.
Expect the quarterly reports (Jul-Sept) of listed transportation companies to take a hit from high fuel prices.
Now that i have a digital camera after a long hiatus of at least 1.5years without such device, i can show you the deteriorating ground situation. There is much to show & i shall start with the places the peasants go for meals outside - hawker centres & coffeeshops.
Practically all the food for this tiny island are trucked, shipped & flown in. Trucks, ships & aeroplanes run on fossil fuels. High oil prices = higher food prices.
Right now the peasants are having their meals outside at hawker centres where the rental is lower instead of coffeeshops. The coffeeshops now are suffering from poor businesses. A coffeeshop has closed down in Ave 2 & another one in Ave 5 despite the fact that the population density of this tiny island is getting heavier heavier. Apparently more mouths does not translate into businesses......
- Ave 2 coffeeshop ---> CK department store
- Ave 5 coffeeshop ---> Supermarket
The 5 pictures below are taken during lunch time today.
Peasants are ditching higher priced coffeeshops & flocking to hawker centres.
2.5 years ago, Sengkang residents already can't take it with the privatized operator.
- Sengkang Kopitiam Sq's Absurb Prices