A look at the week
By Jordan Chong
Two forecasts published this week highlighted the enduring impact of COVID-19 on the global aviation industry more than a year after the first positive cases emerged from Wuhan in central China.
Firstly, SIA Group said in its third quarter financial results, which showed a net loss of S$141.8 million (US$106 million), that total passenger capacity would reach 25% in April of levels before the outbreak of the coronavirus pandemic.
To put the forecast in perspective, in December 2020 Singapore Airlines, SilkAir and Scoot's combined capacity, measured by available seat kilometres (ASK), was 18.7% of ASK operated by the group a year earlier. Read More »