“This was mainly attributable to February being a shorter month, and the cessation of supplementary flights after the year-end peak travel season,” says SIA.
The group says that its passenger traffic and load factors remained robust across all route regions in February, including East Asia, where the relaxation of travel restrictions in China has boosted the demand for air travel and supported a recovery in the market.
Still, SIA's group-wide passenger capacity for the month formed only 71% of its pre-pandemic levels, lower than the 80% posted in the preceding month.
During the month, Scoot resumed services to Qingdao. At the end of February 2023, the SIA group’s passenger network covered 113 destinations in 36 countries and territories.
See also: Jardine Matheson posts loss of US$468 mil, but underlying net profit stood at US$1.47 bil
SIA shares closed March 15 at $5.70, up 5 cents or 0.89% for the day.
