Singapore Airlines group passenger loads improve in October

A Singapore Airlines Scoot plane on the tarmac at Changi Airport in October 2018.A Singapore Airlines Scoot at Changi Airport

Singapore Airlines reported on Thursday that its group airline passenger load factor (PLF) improved 1.1 percentage points on-year to 81.9 percent, while passenger carriage, which is measured in revenue passenger kilometers, rose 7.2 percent on-year, outpacing a capacity injection of 5.7 percent.

For the flagship Singapore Airlines, the PLF improved 2.5 percentage points to 82.7 percent, with passenger carriage rising 6.0 percent on-year, outpacing a 2.9 percent capacity increase, it said in a filing to SGX on Thursday.

“PLF edged up for all route regions except South West Pacific which registered a marginal decline year-on-year. RASK (revenue per available seat-kilometres) has been trending positive and is expected to remain resilient,” the carrier said.

It noted that in October, it relaunched its the world’s longest non-stop flight, which travels from Singapore to Newark.

For Silkair, systemwide passenger carriage rose 5.5 percent on-year in the month, outpacing 3.9 percent capacity growth, pushing up PLF by 1.1 percentage points to 74.9 percent, it said. PLF improved on West Asia, Southeast Asia and Australia routes, SIA said.

Scoot’s passenger carriage grew 12.3 percent on-year in October, slower than the capacity expansion of 18.5 percent, it said. That pushed PLF down 4.5 percentage points to 81.3 percent, SIA said.

“PLF improved for West Asia, while East Asia and Rest of World recorded declines in PLF as traffic did not keep pace with the increase in capacity,” SIA said. “During the month, Scoot took delivery of its first A320neo aircraft and made its debut flight to Bangkok.”

For the cargo segment, capacity fell by 0.6 percent, while cargo traffic, as measured in freight-tonne-kilometers, was 0.3 percent lower, it said. That led to a 0.2 percentage point improvement in the cargo load factor, or CLF, SIA said.

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