SIA Group passenger traffic declined 0.8% y-o-y; cargo carriage increased 7.6% y-o-y from global trade uncertainty

The group’s passenger load factor (PLF) came in at 84.7%, down 3 percentage points (ppts) y-o-y with SIA and Scoot posting monthly PLFs of 84.1% and 87.2% respectively.

The two airlines carried a combined total of 3.3 million passengers, 0.8% higher y-o-y. Cargo carriage increased by 7.6% y-o-y, driven by some front-loading in anticipation of uncertainty in the global trade environment. 

This was particularly visible in East Asia where load factors rose by 4.4 ppts. However, SIA Group says that weaker cargo demand in the Americas and Europe limited the overall cargo load increase to 2%. 

This was below the 7.7% capacity increase, resulting in the cargo load factor dropping by 3.1 ppts to 56.9%.

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During March 2025, Scoot suspended services to Berlin as part of a regular review of its overall network.

At the end of March 2025, the Group’s passenger network covered 128 destinations in 36 countries and territories. 

SIA served 79 destinations, while Scoot served 71 destinations. The cargo network comprised 132 destinations in 37 countries and territories.