While Covid-19 vaccines represent a light at the end of a very long tunnel for Singapore’s aviation industry, the outlook for 2021 is just as bleak or even potentially gloomier than 2020.

Passenger traffic for Singapore Changi Airport and the Singapore Airlines (SIA) Group could end 2021 at an even lower level than 2020, when traffic for both declined by over 80 per cent year-on-year.