SIA Group's passenger load factor rose 2.3 ppt to 85.9% in July

Overall cargo load factor dipped by 0.9 ppt.

Singapore Airlines (SIA) Group's passenger load factor (PLF) advanced 2.3ppt to 85.9% in July, an announcement revealed. Passenger carriage which is measured in revenue passenger kilometres rose 8.4% YoY, outpacing capacity injection of 5.5%, an announcement revealed.

The firm noted that passenger carriage advanced 4.9% YoY against a 2.2% increase in capacity. The strong seasonal demand during the summer peak helped uplift PLF for all route regions.

For its SilkAir segment, systemwide passenger carriage rose 3.7%, which is higher than capacity growth of 3.4%. Moreover, Silkair’s PLF increased 0.2 percentage points to 76.8%.

“PLF improved for South West Pacific and Southeast Asia regions,” SIA noted. “Growth in passenger demand in North Asia and West Asia lagged behind capacity injection.”

Meanwhile, Scoot saw a passenger carriage growth of 24.1%, exceeding capacity expansion of 19.7%. Its PLF inced up by 3.1 percentage points to 87.7% as its PLF in all route regions improved as demand outpaced changes in capacity.

Also read: Scoot to push 5% fare increase amidst fuel price hike

“Selected routes to North Asia, India, Thailand and Australia continued to improve,” the firm said. “During the month, Scoot commenced new services to Nanchang, China.”

However, SIA’s overall cargo load factor (CLF) was 0.9 percentage points lower, with cargo traffic (measured in freight-tonne-kilometres) slipping 1.4% against flat capacity. Despite this, CLF was bolstered across most regions except Americas and South West Pacific as demand did not keep pace with capacity changes.

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