Singapore Airlines group passenger loads improved in June

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

Singapore Airlines’ group passenger carriage, as measured by revenue passenger-kilometers, increased by 8.5 percent on-year in June, outpacing capacity growth of 6.5 percent, the carrier said in a filing to SGX Monday.

The passenger load factor (PLF) for the carrier improved by 1.6 percentage points to 86.2 percent, SIA said.

For the Singapore Airlines brand, the PLF rose 1.8 percentage points on-year to 86.7 percent in June, SIA said. Passenger carriage rose 10.1 percent on-year in the month, faster than the 7.8 percent capacity increase, the filing said.

“PLF improved for all route regions except for Americas which registered a marginal decline against last year due to capacity growth. Efforts continue to maintain RASK (revenue per available seat-kilometres) performance in the months ahead,” SIA said.

For SilkAir, passenger carriage grew 6.3 percent on-year in June, while capacity fell 0.5 percent, the filing said.

“Route transfers to Scoot and the withdrawal of the Boeing 737 MAX 8 fleet from service affected SilkAir’s capacity,” the carrier said, but added PLF increased by 5.2 percentage points to 81.0 percent with improvements across all route regions.

The Scoot brand saw passenger carriage rise 3.7 percent on-year, but that was slower than the 4.5 percent capacity growth, SIA said, noting PLF fell 0.7 percentage point to 86.2 percent.

“PLF improved for West Asia, while East Asia and Rest of World recorded declines, as demand did not keep pace with increases in capacity,” the carrier said. “During the month, Scoot launched new routes from Singapore to Changsha and Kunming, which were previously served by SilkAir.”

The cargo load factor fell 2.3 percentage points, with cargo traffic falling 2.4 percent even as capacity grew 1.6 percent, SIA said. The Americas were the only route region that didn’t see a decline in the cargo load factor, the filing said.

Singapore Airlines carried 1.88 million passengers in June, up 10.6 percent on-year, the carrier said. SilkAir carried 414,000 passengers in June, up 1.2 percent, while Scoot carried 931,000 passengers, up 6.2 percent, SIA said.

For the group, 3.23 million passengers were carried, up 8.0 percent on-year, SIA said.

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