SINGAPORE - The global aviation industry will take at least two years to recover from the coronavirus pandemic and mass travel to return, Singapore's Transport Minister Ong Ye Kung said, stressing the importance of developing a widely available and effective vaccine to help countries open their borders.
Asked about Singapore Airlines , which posted a record quarterly loss in the three months through June and is reducing its workforce by about 20 per cent, Mr Ong said the carrier faces a"dire situation" because of the pandemic and the fact it has no domestic market to fall back on. A regulatory filing in August showed the airline had used half of the $8.8 billion it raised through share sales, highlighting that carriers keep incurring expenses even when planes are left idle. The company is reviewing its fleet and operations.
The world has to design new policies to revive air travel quickly! CCP wants to kill the world’s economy! Don’t allow this to happen!
Can't even settle mass ground travel...
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