While the specifics of how the aviation sector will evolve post-Covid-19 are still unclear, SIA has created four working groups to prepare for potential scenarios, it said during a briefing on its financial results on Friday .
In response to a question on fares and whether they will increase because of social distancing measures implemented on planes, Lee Lik Hsin, executive vice-president of SIA's commercial department, said:"The price of the air ticket is really a function of demand and supply, and we will adapt these curves accordingly as we get back out in the market and restart our services.
Its full-year operating profit plunged 94.5 per cent year on year, as the coronavirus pandemic led to a collapse in air travel demand and a drop in fuel prices. To address these issues, SIA has created a Restart Taskforce, comprising the four working groups, to look into areas such as travel experience and regulatory development.
"We are now operating at a very minimal capacity, and therefore there is virtually no revenue," said Goh.