On a m-o-m basis, group passenger capacity grew 5.8%, while passenger carriage was up 10.2% m-o-m and PLF was up 0.9 percentage points.
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In its operating results update on May 17, SIA states that passenger capacity has been gradually increased over the past 12 months, and currently stands at around 24% of pre-Covid levels as of April.
Singapore Airlines and SilkAir, saw passenger capacity grow 626% y-o-y and 1.8% m-o-m, while passenger carriage grew 889% y-o-y and 9.3% m-o-m. PLF was up 4.9 percentage points y-o-y and 1.5 percentage points m-o-m.
Singapore Airlines’ network covered 49 destinations, including the re-introduction of Taipei services, as well as the transfer of Medan from SilkAir as part of the ongoing integration of narrow-body operations. To that end, SilkAir’s network reduced to only three destinations (Cebu, Kathmandu and Singapore). Overall, including Singapore, the combined network for the group's full-service carriers grew from 50 destinations in March to 51 destinations at the end of April.
Scoot, SIA’s low-cost carrier subsidiary, served 19 destinations (including Singapore) as of the end of April with the reinstatement of flights to Macau.
Scoot’s passenger capacity grew 641% y-o-y and 54.3% m-o-m. Passenger carriage grew 13 times y-o-y and 14.2% m-o-m, while PLF was up 2.5 percentage points y-o-y and 3.4 percentage points m-o-m.
SIA Cargo registered a monthly cargo load factor (CLF) of 92.1%, which was 16.5 percentage points higher year-on-year, as cargo traffic rose by 82.7% on the back of a capacity expansion of 49.9%. All route regions except West Asia and Africa recorded year-on-year increases in CLF during the month.
Shares in SIA closed 14 cents or 3.11% higher at $4.64 on May 17.
