Singapore Airlines (SIA) Group continued to see strong passenger demand across all route regions except for East Asia, where travel restrictions remain in place in some key markets for the month of August.
SIA and Scoot, the two airlines in the group, carried a total of 2.1 million passengers in August, largely unchanged compared to the prior month. Group passenger capacity (measured in available seat-kilometres) was 1.1% higher than the previous month, and up by 110.3% compared to a year ago.
The group’s capacity also reached 68% of pre-Covid-19 levels during the month. Passenger load factor (PLF) came in at 85.4%, some 2.0 percentage points (ppt) lower on a m-o-m basis, and 67.9 ppt higher on a y-o-y basis.
Cargo operations registered a load factor of 54.2%, or 33.4 ppt lower y-o-y. Loads (freight tonne-kilometres) declined by 13.8% y-o-y, while capacity (capacity tonne-kilometres) expanded by 39.1% as increased passenger services resulted in higher bellyhold capacity.
At the end of August, the group’s passenger network covered 99 destinations, the same as the month before. SIA served 73 destinations, while Scoot served 47 destinations.
Shares in SIA closed at $5.34 on Sept 15.
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Photo: Bloomberg
