SIA banks on surging West Asia and Africa load factors as Europe loads dip

It’s just a short-term dip, assured SIA.

Singapore’s flag-carrier didn’t feel the pinch of a decline in loads to Europe as a strong load factor improvement from West Asia and Africa picked up the slack.

According to analysts from UOB Kay Hian, the dip in Europe loads was due to softer passenger demand brought about by the terrorist attacks in France.

Meanwhile, UOB Kay Hian said Singapore Airlines (SIA) is confident that this is a short-term dip, suggesting signs of recovery in European demand.

“Overall, 3Q’s strong loads are encouraging and suggest that SIA’s efforts to improve operations to boost utilisation are bearing fruit,” UOB Kay Hian said.

On the other hand, SIA’s Scoot’s load factors also grew by 0.3ppt due to strong demand.

“Also, Scoot’s traffic grew by 22% ytd, resulting in a 2.6ppt load factor improvement even with rapid capacity expansion. Meanwhile, SilkAir’s pax loads rose 0.1ppt in December, but registered a 0.6ppt decline in 3QFY16 loads due to weaker loads in October,” UOB Kay Hian said.

Also Read

Singapore to house new air traffic control command center

SIA Group's cargo business marks significant growth in March

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit