Singapore Airlines carried 6 percent more passengers in July

Boarding a Scoot flightBoarding a Scoot flight

Singapore Airlines Group carried 3.30 million passengers in July, up 6.3 percent on-year, while passenger carriage, measured in revenue passenger-kilometers, increased 5.9 percent on-year, slower than capacity growth of 6.0 percent, the carrier said Thursday.

The passenger load factor (PLF) for the group fell by 0.1 percentage point to 85.8 percent in July, SIA said in a filing to SGX.

The Singapore Airlines brand carrier posted a 7.8 percent increase in passengers carried to 1.91 million in July. Passenger carriage increased 7.3 percent on-year, slower than a 7.7 percent capacity increase during the month, SIA said. The PLF fell by 0.3 percentage point on-year to 85.9 percent, the filing said.

“Traffic growth in all route regions, except West Asia and Africa, fell short of capacity growth, leading to declines in PLF. Efforts to maintain RASK (revenue per available seat-kilometers) performance in the months ahead continue,” SIA said.

For SilkAir, systemwide passenger carriage rose 2.3 percent on-year in July, while capacity was reduced by 1.7 percent, the filing said. SilkAir carried 423,000 passengers in July, up 1.9 percent on-year, the filing said.

“Route transfers to Scoot and the withdrawal of the Boeing 737 MAX 8 fleet from service affected SilkAir’s capacity. PLF increased 3.2 percentage points to 80.0 percent, with improvements across all route regions,” SIA said.

Scoot carried 962,000 passengers in July, up 5.4 percent on-year, the filing said. The low-cost carrier’s passenger carriage rose 2.0 percent, compared with capacity growth of 2.9 percent, spurring a 0.8 percentage point fall in PLF to 86.9 percent, SIA said.

“PLF for East Asia and West Asia route regions declined, as demand did not keep pace with increases in capacity. PLF improved for the Rest of World, following the suspension of the non-performing Honolulu route,” SIA said. “During the month, Scoot launched new routes from Singapore to Fuzhou, previously served by SilkAir, as well as Kota Bahru.”

The airline group said it carried 103.2 million kilograms of cargo in July, down 5.1 percent on-year.

The cargo load factor (CLF) fell 4.2 percentage points as cargo traffic, measured by freight-tonne kilometers, fell 5.7 percent on-year even as capacity grew 1.1 percent, SIA said.

With the exception of West Asia and Africa, all route regions posted declines in CLF.

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