Passenger traffic for Singapore Airlines C6L (SIA) as a group rose by 3.6% y-o-y to 12.7 billion for the month of July while passenger capacity increased by 8.7%.
The group’s airlines, flag carrier SIA and its budget airline Scoot carried a total of 3.2 million passengers in July, 6.7% higher y-o-y.
Group passenger load factor (PLF) stood at 85.6% with SIA’s PLF of 84.7% in July and Scoot’s PLF of 88.9%.
Due to the substantial capacity expansion in North Asia, SIA saw lower load factors in its East Asian routes.
Meanwhile, cargo loads rose by 18.5% y-o-y due to robust e-commerce demand as well as some spillover in demand due to sea freight disruptions and port congestions. This outpaced the capacity expansion of 8.2%, says the group.
As a result, cargo load factor came in at 57.4%, 5 percentage points higher y-o-y.
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At the end of July, the group’s passenger network covered 125 destinations in 36 countries and territories. Its cargo network comprised 129 destinations in 37 countries and territories.
Shares in SIA closed 12 cents higher or 2% up at $6.12 on Aug 15.
