I am no expert, but this makes sense to me. Airlines will fly again in my opinion, but it may take some time to fly across borders. Why then are most people stating that state operated companies will be around, including Singapore? I wouldn't expect them to do much flying and they do not fly domestically surely, but am very willing to be proven wrong.
What airlines are actually most likely to still be here in 1 to 2 years? (I hope they all do, but we need to be realistic).