Singapore Airlines October passengers carried rose nearly 9 percent

SilkAir and Scoot planes on tarmac at Changi AirportSilkAir and Scoot planes on tarmac at Changi Airport

The Singapore Airlines group carried 3.24 million passengers in October, up 8.9 percent on-year, while the passenger load factor (PLF) increased by 2.5 percentage points to 84.4 percent, the carrier said in a filing to SGX Friday.

The group passenger carriage, measured in revenue passenger-kilometers, increased 8.7 percent on-year, outpacing capacity, measured in available seat-kilometers, which grew 5.5 percent, SIA said.

The Singapore Airlines brand carrier saw its passengers carried increase 11 percent on-year to 1.93 million passengers, the filing said.

The segment’s PLF rose by 1.7 percentage points on-year in October to 84.4 percent, while passenger carriage climbed 10.3 percent on-year, outpacing capacity injection of 8.0 percent, SIA said.

“PLF improved for all route regions except for the Americas where PLF was flat against last year. Improvement in loads was partly due to the shift in Deepavali holidays from November 2018 to October 2019,” SIA said. “Efforts continue to focus on RASK (revenue per available seat-kilometers).”

SilkAir posted its passengers carried increased 3.3 percent on-year to 411,000 for October, while its PLF grew 4.8 percentage points to 79.7 percent.

“The systemwide passenger carriage grew by 4.0 percent against a 2.2 percent contraction in capacity. The strong growth in passenger carriage led to increases in PLF for East Asia and Pacific, as well as West Asia,” SIA said of SilkAir.

Scoot carried 7.2 percent more passengers on-year in October for a total of 899,000, while its PLF improved 4.3 percentage points to 85.6 percent, the filing said. Passenger carriage increased 4.4 percent on-year, while capacity contracted by 0.8 percent, SIA said.

“PLF improved for East Asia as Chinese routes benefited from the China Golden Week, while the suspension of underperforming routes led to the improvement of PLF in West Asia. Rest of World also registered higher PLF as demand for long-haul routes to Europe improved,” SIA said.

“During the month, Scoot launched new routes to Coimbatore and Visakhapatnam which were previously served by SilkAir. Scoot ceased
services to Kochi, with the route being transferred to SilkAir. Services to Male were also suspended,” SIA added.

The cargo load factor dropped 6.2 percentage points on-year, as a 10.3 percent decline in cargo traffic, measured in freight-tonne kilometers, outpaced a 1.4 percent contraction in capacity, SIA said. All route regions posted CLF declines.

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