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SIA's group wide load factor at 88.3% in April, 15.6 percentage points higher y-o-y

Felicia Tan
Felicia Tan • 2 min read
SIA's group wide load factor at 88.3% in April, 15.6 percentage points higher y-o-y
The airline will be releasing its FY2023 results after trading hours on May 16. Photo: Bloomberg
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The Singapore Airlines (SIA) Group (SGX:C6L) reported a group passenger load factor (PLF) of 88.3% for the month of April, 15.6 percentage points higher y-o-y. SIA’s PLF was 87.5% while budget carrier Scoot’s PLF was 90.8%.

As a group, SIA and Scoot carried a combined 2.7 million passengers in April, 85.5% higher y-o-y, with group passenger capacity up by 36.7% y-o-y.

Meanwhile, the group’s cargo load factor in April fell by 16.0 percentage points y-o-y to 50.7%. Cargo loads fell by 11.2% y-o-y to 389.6 million tonnes per km due to weaker demand. That said, the group’s capacity expanded by 16.8% as increased passenger services resulted in higher bellyhold capacity.

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