Singapore Airlines: September passenger loads improved

Singapore Airlines aircraft taken from terminal windows in August 2018.Singapore Airlines aircraft taken from terminal windows in August 2018.

Singapore Airlines passenger load factor (PLF) at the group level improved 2.8 percentage points on-year to 83.6 percent, the carrier said in a filing to SGX after the market close on Monday.

SIA Group’s passenger carriage, measured in revenue passenger kilometers, rose 7.7 percent on-year in September, faster than capacity, measured in available seat kilometers, which grew by 4.2 percent, it said.

The Singapore Airlines brand passenger load factor improved 3.4 percentage points on-year to 84.4 percent in September, it said. Passenger carriage for the month rose 5.7 percent on-year, while capacity rose only 1.4 percent, SIA said.

“PLF improved for all route regions as traffic remained strong towards the end of summer. Unit revenue (measured in revenue per available seat-kilometers) is expected to remain positive as revenue growth outpaced capacity injection,” SIA said.

For SilkAir, passenger carriage rose 5.6 percent, faster than capacity growth of 2.4 percent, with the passenger load factor up 2.1 percentage points on-year at 73.6 percent, it said.

SilkAir’s PLF in East Asia and the Pacific improved, while its PLF for West Asia declined, it said.

Scoot’s passenger carriage grew 16.7 percent on-year, in line with its capacity expansion of 16.5 percent in September, it said. The passenger load factor for Scoot edged up 0.1 percentage point to 83.8 percent, it said.

“PLF edged up for West Asia and Rest of World regions, led by routes to India, Australia, Maldives, as well as long haul routes to Europe. East Asia region recorded a decline in PLF as traffic did not keep pace with increase in capacity,” SIA said.

The cargo load factor (CLF) fell 0.2 percentage point on-year in September, as cargo traffic, measured in freight-tonne-kilometers, dropped 2.9 percent, more than the cargo capacity contraction of 2.5 percent in the month, SIA said.

“CLF improved across Americas, and West Asia and Africa, while CLF in other regions declined as demand did not keep pace with capacity changes,” it said.

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