SIA’s systemwide passenger carriage down 3.7% in January

Due to the shift in the Chinese New Year holidays.

Singapore Airlines reported that its systemwide passenger carriage, measured in revenue passenger kilometres, declined 3.7% year-on-year in January.

Demand was generally weaker due to the shift in the Chinese New Year holidays from January in 2014 to February in 2015.

SilkAir’s systemwide passenger carriage grew 1.6% year-on-year as compared to a 5.6% increase in capacity.

Overall cargo load factor was 0.5 percentage points lower as cargo traffic declined 1.2% against an overall capacity reduction of 0.5%.

Load factors improved for all route regions except East Asia and Europe, where demand did not keep pace with capacity changes.

"The competitive landscape continues to be competitive and challenging. Singapore Airlines will remain nimble to redeploy capacity to better match market demand and promotional activities will continue in relevant markets," SIA stated in a release on the SGX.

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