Singapore Airlines said on Monday that its group passenger carriage, as measured in revenue passenger-kilometers, increased 6.2 percent on-year in March, lower than the 8.1 percent growth in capacity.
The passenger load factor, or PLF, for March fell 1.4 percentage points to 81.5 percent, the carrier said in a filing to SGX.
The Singapore Airlines brand PLF fell 1.2 percentage points to 81.0 percent in March, the filing said.
Passenger carriage for the brand rose 6.6 percent on-year in the month, offset by a capacity increase of 8.3 percent, the carrier said.
“PLF declined for all route regions except for West Asia and Africa due to shift in Easter from end-March in 2018 to mid-April in 2019, and significant capacity growth in Americas region,” SIA said. “Efforts are in place to maintain year-on-year [revenue per available seat-kilometers] in the face of increasing competition in the key markets.”
The SilkAir brand’s passenger carriage rose 1.6 percent in March, while capacity fell 1.9 percent, “partially due to the temporary withdrawal of the Boeing 737 MAX 8 fleet from service,” SIA said. “PLF increased 2.6 percentage points to 75.4 percent, with improvements across all route regions.”
The Scoot brand posted passenger carriage growth of 6.3 percent for March, while capacity increased 10.9 percent, causing a 3.7 percentage point decline in PLF to 85.5 percent.
Scoot’s cargo load factor (CLF) fell 2.2 percentage points in March. Cargo traffic, as measured in freight tonne kilometers, declined 0.4 percent, while capacity grew 3.2 percent, it said.