Singapore Airlines (SIA) announced that its passenger traffic grew on the back of a calibrated increase in passenger capacity over the past 12 months, which saw SIA Group’s passenger capacity rise to around 28% of pre-Covid-19 levels by June 2021.
For June 2021, passenger traffic came in at 721.8 passengers per km, compared to 88 passengers per km in June 2020. Capacity also increased from 721.2 available seats per km to 4,476 available seats per km.
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Passenger load factor (PLF) for the month increased 3.9 percentage points (ppt) year-on-year to 16.1%.
SIA Cargo registered a monthly cargo load factor (CLF) of 87.6%, which was 5.1 ppt higher y-o-y, as cargo traffic rose by 52.0% on the back of a capacity expansion of 43.3%. Americas and West Asia and Africa route regions recorded year-on-year increases in CLF during the month.
At the end of June 2021, the group’s passenger network covered 63 destinations including Singapore. The full-service network which includes both wide-body and narrow-body operations, covered 49 destinations. Scoot, SIA’s low-cost carrier subsidiary, served 24 destinations as at end of June. Operations to West Asia on the low-cost segment remained suspended.
The Group continues with a calibrated expansion of the passenger network and is expected to reach around 33% of pre-Covid-19 levels passenger capacity by July 2021.
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Shares in SIA closed at $4.89 on July 15.
Photo: Bloomberg
