Singapore Airlines operating results October 2014

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In October 2014, Singapore Airlines’ systemwide passenger carriage (measured in revenue passenger kilometres) declined 1.2% over last year, against capacity growth of 0.5% (measured in available seat kilometres). Consequently, passenger load factor (PLF) fell 1.3 percentage points to 77.2%.

PLF declined across all route regions, except for South West Pacific. Traffic grew for Europe and East Asia, albeit at a slower pace than capacity. Demand was weaker for Americas and West Asia and Africa. The operating environment remains challenging. Capacity will be adjusted accordingly to better match market demand and promotional activities will continue in relevant markets.

SilkAir’s systemwide passenger carriage grew 8.7% year-on-year, compared to a 3.1% increase in capacity. Consequently, PLF improved by 3.6 percentage points to 70.3%. For the East Asia and Pacific region, passenger carriage grew at a slightly greater rate than capacity, resulting in an increase in PLF. For the West Asia Region, PLF increased on a combination of higher passenger carriage and reduced capacity.

Overall cargo load factor was one percentage point higher. Cargo traffic (measured in freight-tonne-kilometres) was 2.8% lower against a 4.3% reduction in capacity.  Load factors were higher on all route regions, except for Americas and Europe where traffic did not keep pace with the capacity changes.

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Source = Singapore Airlines

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