The Singapore Airlines (SIA) Group C6L reported a group passenger load factor (PLF) of 88.3% for the month of April, 15.6 percentage points higher y-o-y. SIA’s PLF was 87.5% while budget carrier Scoot’s PLF was 90.8%.
As a group, SIA and Scoot carried a combined 2.7 million passengers in April, 85.5% higher y-o-y, with group passenger capacity up by 36.7% y-o-y.
Meanwhile, the group’s cargo load factor in April fell by 16.0 percentage points y-o-y to 50.7%. Cargo loads fell by 11.2% y-o-y to 389.6 million tonnes per km due to weaker demand. That said, the group’s capacity expanded by 16.8% as increased passenger services resulted in higher bellyhold capacity.
According to the group, passenger traffic and load factors were “strong” across all route regions in April due to the “robust leisure demand” during the Easter break. East Asia continued to see healthy growth in demand to China, Japan, South Korea, and Taiwan, the airline adds.
As at end-April, the group’s passenger network covered 112 destinations in 36 countries and territories. SIA served 74 destinations, while Scoot served 61 destinations. Scoot also resumed its services to Haikou, Ningbo, and Xi’an during the month. As at the same period, SIA Group’s cargo network comprised 118 destinations in 38 countries and territories.
The airline will be releasing its FY2023 results after trading hours on May 16.
See also: SIA to adjust conversion prices of 1.625% convertible bonds due 2025 after interim dividend
Shares in SIA closed flat at $5.90 on May 15.
