Passenger traffic for Singapore Airlines C6L (SIA) as a group rose 7.7% y-o-y to 12.9 billion for the month of August, while passenger capacity rose by 10.8%.
The group’s airlines, flag carrier SIA and its budget airline Scoot, carried a total of 3.3 million passengers in August, 9.4% higher y-o-y.
Group passenger load factor (PLF) stood at 85.7% in August with SIA’s and Scoot’s PLF of 84.9% and 88.8%, respectively.
Meanwhile, cargo loads rose by 20.9% y-o-y, on the back of sustained strength in e-commerce flows and some demand spillover from disruptions to sea freight.
Similarly, cargo capacity expanded by 10.4% y-o-y.
As a result, cargo load factor stood at 56.1%, 4.9% percentage points (ppts) higher y-o-y.
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At the end of August, the group’s passenger network covered 125 destinations in 36 countries and territories. SIA served 78 destinations, while Scoot served 69 destinations.
Its cargo network comprised 129 destinations in 37 countries and territories.
Shares in SIA closed 2 cents lower, or down 0.31%, at $6.50 on Sept 16.
