SIAUpdated SIA - The New Normal of Airline Travel
Flying will be a necessity for those who needed, it won't be fun and easy as before. A lot of cumbersome paperwork, travel approval, and COVID test is needed for international travel at the moment.
As per a survey conducted by the IATA, while the overall booking for airline seats are down by 82% year on year in June 2020 compared to June 2019, the long-haul forward bookings for the first week in November 2020 are 59% below normal levels.
Furthermore, unless SIA defers some of its aircraft deliveries, it is likely to require further funding in FY22.
What's next for SIA?
As per a survey conducted by the IATA, while the overall booking for airline seats are down by 82% year on year in June 2020 compared to June 2019, the long-haul forward bookings for the first week in November 2020 are 59% below normal levels.
Furthermore, unless SIA defers some of its aircraft deliveries, it is likely to require further funding in FY22.
What's next for SIA?
Trade active
Note
Closed at 20 years low. SIA posts a $1.12 billion net loss in Q1. Some good news on a vaccine but it is still long way to go.
How long does it take to be approved and available to the people?
How about their confidence in travel?
This is not including for people that suffer the loss of income during the period.
We shall SEE!
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