Singapore based Singapore Airlines continues to operate a small network of flights to 24 metro cities due to dampened demand caused by the COVID-19 Pandemic and in June of 2020 passengers carried fell to 99.3% resulting in only 13,900 passengers with a load factor of 12.4% compared with 1.88 million passengers with a load factor of 86.7% during June 2019.

Singapore Airlines drew a dull projection of profitability for the Financial Year 2020/2021 (FY20-21), citing a material impact on their revenue-generating capabilities and expects to report an operating loss for Q1 of the FY20-21 given the current situation across the world with the COVID-19 Pandemic. This is on the back of the Singapore Airlines group losing $802.5 million in Q4 FY19-20 (Jan to March) due largely to COVID-19, but the Group did make an overall profit of $59.1 million as a result of the strong profitable quarters during the first 9 months of FY19-20.

The airline has set up a task force focused on monitoring the airline’s operations, services and products to keep it in line with what’s required and post Pandemic customer value drivers. The airline would remain focused and prepared to cater to markets and increase capacity to match demand as and when governments ease travel and border restrictions.

Currently, Singapore and certain cities in China have established a green lane while transit restrictions in Singapore have been lifted.

SIA's Parked fleet in Alice Springs Australia

Source: Traveller

Singapore Airlines had also sent over a certain number of aircraft including the A380 and B777 to Alice Springs in Australia for storage. Given that travel projections indicate that it will take between 2 to 4 years to match the traffic level of pre-COVID-19 levels, it does make sense that Singapore Airlines chose to store those large-capacity aircraft in Australia.

Source: Singapore Airlines