Singapore Airlines has reported a 28.1% y-o-y increase in group passenger capacity for the month of July, at 13.6 million passengers.
SIA and Scoot carried a combined 3 million passengers, a 45.1% increase y-o-y, while the group’s passenger load factor (PLF) came in at 89.8%.
SIA posted a monthly PLF of 89.0%, while Scoot’s PLF of 92.7% marked the eight consecutive month that the airline’s load factor was about 90%.
Meanwhile, the group’s cargo operations posted a load factor of 52.4%, or 8.1 percentage points lower y-o-y. The cargo loads declined by 7.1% y-o-y due to weaker demand, while capacity expanded by 7.3% as increased passenger services resulted in higher bellyhold capacity.
In a release dated Aug 15, the group says that it continues to see strong passenger traffic and load factors across all route regions during the peak northern summer travel season.
Shares in Singapore Airlines closed 8 cents lower, or 1.10% down at $7.16.
