Singapore Airlines May group passenger carriage rose 8 percent

Singapore Airlines boarding gate; July 2018Singapore Airlines boarding gate; July 2018

Singapore Airlines group passenger carriage, measured in revenue passenger kilometers, rose 8.0 percent on-year in May, faster than capacity growth of 6.8 percent, the carrier said in a filing to SGX Monday.

The passenger load factor (PLF) improved 9.0 percentage points on-year to 80.5 percent in May, the filing said.

The group carried 3.05 million passengers in May, up 6.4 percent on-year, SIA said.

For the Singapore Airlines brand carrier, PLF rose 1.1 percentage points on-year to 79.8 percent in May, while passenger carriage rose 9.5 percent on-year, faster than a capacity increase of 8.0 percent, the filing said.

“PLF improved for most route regions except for East Asia and Americas due to significant capacity growth. Efforts continue to be focused on RASK (revenue per available seat-kilometres) performance in the months ahead,” SIA said.

Singapore Airlines carried 1.81 million passengers in May , up 9.7 percent on-year, the filing said.

For the SilkAir brand, passenger carriage rose 0.9 percent, while capacity fell 1.2 percent in May, SIA said. SilkAir’s PLF rose 1.6 percentage points to 75.1 percent on improvements across all route regions, it added.

“Route transfers to Scoot and the withdrawal of the Boeing 737 MAX 8 fleet from service reduced SilkAir’s capacity,” SIA said, noting that the carrier added its first South Korean route by launching direct flights to Busan from 1 May.

SilkAir carried 374,000 passengers in May, down 6.0 percent on-year, the filing said.

Scoot’s passenger carriage and capacity both grew at a 5.2 percent pace, keeping PLF flat at 85.3 percent, SIA said.

“PLF improved for West Asia, while East Asia and Rest of World recorded declines, as demand did not keep pace with increase in capacity,” SIA said.

“During the month, Scoot launched new routes to Trivandrum and Wuhan, which were previously served by SilkAir. Scoot’s services to Bengaluru and Shenzhen ceased as these were transferred to SilkAir as part of route optimization within SIA group. Flights to Honolulu were also suspended due to weak demand,” it added.

Scoot carried 865,000 passengers in May, up 5.9 percent on-year, SIA said.

The cargo load factor fell by 2.1 percentage points as cargo traffic, measured by freight tonne-kilometers, fell 3.2 percent and cargo capacity increased by 0.2 percent during the month, SIA said.

With the exception of the Americas, all route regions posted declines in the cargo load factor, SIA said.

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