If SIA needs more cash, it should tap travellers instead of investors

FORGET the three-hour lunches aboard an A380 aeroplane, and the 30-minute flight simulator experience.

If Singapore Airlines (SIA) wants to generate revenue from its customers, it should offer to sell vouchers that its customers can exchange for deeply discounted tickets once international air routes reopen.

"Should this be considered, it would be wildly beneficial to SIA shareholders and bondholders as it would eliminate another round of highly dilutive funding," said Nicolas Van Broekhoven of CrossASEAN Research, who publishes on Smartkarma, in a research note in August.