Singapore Airlines (SIA) Group’s passenger traffic rose 0.5% y-o-y in February 2025, with a passenger load factor (PLF) of 86.5%, a 0.2 percentage points (ppts) increase y-o-y.
SIA and Scoot’s monthly PLF came in at 85.8% and 89.5% respectively, and the combined passenger carriage was 1.7% higher than last year at 3.1 million.
SIA’s revenue passenger-km was up 3.6% y-o-y, due to the 4.6% y-o-y increase in passengers carried for the month of February.
Meanwhile, Scoot saw a 3.7% y-o-y decrease in passengers carried resulting in a 9.3% y-o-y decrease in revenue passenger-km. The airlines also saw a drop in passenger load factor overall for the month of February.
For the group’s airline cargo, carriage was up 2.6% y-o-y due to the increased cargo flow within East Asia. Cargo flows to America and Europe dropped y-o-y resulting in overall cargo loads falling by 4.9%.
Cargo capacity was 4.0% higher for the month, which resulted in the load factor being down by 4.8 pps at 51.9%.
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Scoot continued to adjust its China network, launching services to Shantou in January 2025 and suspending services to Nanchang and Jinan in February 2025.
As at end Feb 2025, the group’s passenger network covered 129 destinations in 36 countries and territories. SIA served 79 destinations, while Scoot served 72 destinations. The cargo network comprised 133 destinations in 37 countries and territories.
Shares in Singapore Airlines closed 6 cents higher or 0.897% up at $6.75 on March 17.
