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Singapore-Hong Kong Air Fares Jump 40% on Travel Bubble Plan
- Singapore Transport Minister hopes bubble will start in weeks
- Shares of Cathay Pacific and Singapore Airlines are climbing
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The cost of air tickets between Hong Kong and Singapore jumped within 24 hours of the Asian financial hubs unveiling plans for a travel bubble that wouldn’t require people to quarantine upon arrival from either city.
The cheapest price for a Singapore Airlines Ltd. return economy seat to Hong Kong was S$558 ($410) Friday morning up until the end of December, versus around S$400 Thursday afternoon as the news was announced, the airline’s website showed. Return business-class fares rose about HK$5,000 ($645) to HK$19,000. Cheaper flights were still available on travel websites including Skyscanner Ltd.