SIA Group airlines’ passenger load rises in August

Singapore Changi Airport Terminal 4 departure boardSingapore Changi Airport Terminal 4 departure board

SIA Group airlines’ passenger load factor for August improved by 4.3 percentage points to 85.2 percent, while passenger carriage, measured in revenue passenger kilometers, increased 11.7 percent on-year, outpacing a 6.1 percent capacity increase, the carrier said in a filing to SGX after the market close on Monday.

The passenger load factor (PLF) for Singapore Airlines improved 4.4 percentage points to 84.8 percent, while passenger carriage rose 8.9 percent on-year, faster than a 3.2 percent rise in capacity, it said.

“PLF improved for all route regions due to stronger returning traffic from summer holidays,” the carrier said.

SilkAir’s systemwide passenger carriage rose by 8.8 percent, while capacity increased only 3.9 percent, it said, adding that boosted PLF by 3.6 percentage points to 79.4 percent.

Scoot’s passenger carriage increased 23.5 percent, compared with a capacity increase of 18.7 percent, SIA Group said. PLF for Scoot increased by 3.5 percentage points to 88.3 percent, it said.

“PLF on all route regions improved as demand outpaced changes in capacity. Selected routes to North Asia, India, Vietnam and Australia continued to improve,” it said.

However, the cargo load factor, or CLF, fell 0.3 percentage points, it said. While cargo traffic, measured in freight-tonne-kilometers, rose by 0.9 percent, it was outpaced by a 1.4 percent rise in cargo capacity, it said.

“CLF improved across most regions except Americas and South West Pacific, as demand did not keep pace with capacity changes,” it said.

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