The Singapore Airlines (SIA) group says its passenger capacity as at end-May stands at around 27% of pre-Covid levels.
This comes as the group reported a 627% y-o-y growth in May group passenger capacity, due to the low base the previous year following the pandemic.
Passenger carriage grew was more than 12 times higher y-o-y, while passenger load factor (PLF) was up 5.7 percentage points y-o-y to 14.3%.
On a m-o-m basis, group passenger capacity grew 11.4%, while passenger carriage was up 8.4% m-o-m and PLF was up 0.6 percentage points.
In its operating results update on June 17, SIA says its passenger traffic grew in tandem with higher passenger capacity over the last 12 months which rose to around 27% of pre-Covid levels in May. SIA had reported passenger capacity at 24% of pre-Covid levels for April.
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SIA’s full-cost carriers Singapore Airlines and SilkAir saw passenger capacity grow 7.8 times y-o-y, while passenger carriage was 11.3 times higher. PLF was up 5.5 percentage points.
On a m-o-m basis, the full-cost carriers collectively saw 11.1% growth in passenger capacity, 6% growth in passenger carriage, while PLF was up 0.5 percentage points.
As of end-May, the full-service network which includes both wide-body and narrowbody operations remained at 49 destinations including Singapore.
Scoot, SIA’s low-cost carrier subsidiary, reported 7.2 times higher passenger capacity y-o-y. Passenger carriage was 29.8 times higher y-o-y, while PLF was up 6.6 percentage points.
On a m-o-m basis, Scoot’s passenger capacity grew 13.6%, while passenger carriage was up 24.3% and PLF up 0.9 percentage points.
Scoot serves 24 destinations (including Singapore) as at end of May, compared to 19 destinations as of end-April. This followed the reinstatement of flights to Athens, Kuala Lumpur, Manado and two destinations in the Philippines (Clark and Cebu) while operations to West Asia remained suspended.
SIA Cargo registered a monthly cargo load factor (CLF) of 87.7%, which was 12.8 percentage points higher y-o-y, as cargo traffic rose by 72.9% on the back of a capacity expansion of 47.7%. All route regions recorded year-on-year increases in CLF during the month.
As at 10.15am, shares in SIA are down 3 cents or 0.61% lower at $4.89.
