Singapore Airlines passenger loads improved in December

Singapore Airlines plane on the ground at Singapore’s Changi Airport; taken November 2018.Singapore Airlines plane Changi Airport.

Singapore Airlines said on Tuesday that its group passenger load factor (PLF) improved 0.3 percentage points in December to 85.0 percent, while passenger carriage, measured in revenue passenger kilometers, increased 7.2 percent on-year, outpacing a 6.8 percent increase in capacity.

In the Singapore Airlines flagship brand, PLF improved 1.1 percentage points to 85.5 percent, while passenger carriage increased 6.8 percent on-year, compared with a 5.5 percent increase in capacity, measured in available seat-kilometers, it said in a filing to SGX after the market close on Tuesday.

Singapore Airlines PLF improved for all route regions except the Americas, which it attributed to what it called a “significant” capacity increase, the filing said.

For SilkAir, systemwide passenger carriage rose 2.1 percent, while capacity contracted 1.1 percent, it said, adding that spurred PLF to rise 2.6 percentage points to 79.2 percent, with all route regions showing improvement.

Scoot’s PLF fell 3.2 percentage points to 85.5 percent as passenger carriage growth of 10.5 percent was offset by capacity expansion of 14.7 percent, SIA said.

PLF for Scoot’s West Asia routes improved, but East Asia and the rest of the world saw PLF declines as traffic was outpaced by capacity increases, it said.

The cargo load factor (CLF) fell 3.5 percentage points to 63.3 percent, with cargo traffic, measured in freight tonne-kilometers, fell 5.0 percent on-year, SIA said. Cargo capacity grew a marginal 0.3 percent in December, SIA said.

The only region to avoid a CLF decline was the Americas, it said.

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