SINGAPORE - Passengers will have to adapt to a different travel experience when air travel picks up again, as regulators and airlines look into how to make flying safer, said Singapore Airlines .
"All these issues are now being examined to see how practical they are both on the ground and in the air... so safe to say, it will not be the same as the pre-Covid situation." SIA had on Thursday reported an annual net loss of $212 million for the year ending March 31, the first loss in the airline's 48-year history.
SIA chief executive Goh Choon Phong said in Friday's briefing that it is uncertain exactly when and how the industry will recover."Nobody is sure about how the pace of recovery will be like and what are the kinds of regulatory improvements that countries in the world will put in place to address the need to contain the virus," said Mr Goh.
On SIA's current situation, Mr Goh described its flight cuts of 96 per cent as"very, very drastic", although he noted that other major airlines worldwide have also undertaken major cuts. SIA is seeking to raise up to $15 billion by issuing new shares to current shareholders to raise about $5.3 billion and issuing mandatory convertible bonds to raise up to $9.7 billion.
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Source: The Straits Times - 🏆 8. / 63 Read more »