Singapore Airlines group passenger load factor stable for February

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

Singapore Airlines said on Friday its group passenger load factor (PLF) for February was stable at 81.2 percent, up 0.3 percentage point on-year, as an increase in PLF at the flagship brand was offset by declines at Scoot.

The flagship carrier saw its PLF improve by 0.5 percentage point to 80.4 percent as passenger carriage increased by 9.1 percent on-year, outpacing capacity growth of 8.5 percent, the airline said in a filing to SGX on Friday.

“PLF improved for all route regions except for East Asia and Americas due to shift of outbound Lunar New Year traffic from February 2018 to end-January 2019, and significant capacity growth respectively,” the carrier said. “Competition in several markets is aggressive, but we continue efforts to maintain comparable RASK (revenue per available seat-kilometers) to last year.”

SilkAir saw its PLF rise 3.7 percentage points on-year in February to 77.8 percent, with improvements in all route regions, with its passenger carriage increasing 4.6 percent and capacity falling 0.4 percent, the filing said.

Scoot’s PLF fell 1.6 percentage points to 85.3 percent, SIA said. The budget carrier saw passenger carriage grow 9.0 percent on-year in February, but that trailed capacity growth of 10.9 percent, the filing said.

“PLF improved for West Asia, while East Asia and rest of world recorded declines as traffic did not keep pace with the increases in capacity,” SIA said.

For cargo, all regions saw declines, SIA said.

The cargo load factor fell 6.8 percentage points to 55.2 percent, as cargo traffic measured in freight tonne-kilometers dropped 15.1 percent, outpacing a 4.6 percent contraction in capacity, SIA said.

 

Get the Shenton Wire morning briefing in your inbox