passenger load factor (PLF)

At the end of June, the group’s passenger network covered 116 destinations in 36 countries and territories.

The airline will be releasing its FY2023 results after trading hours on May 16.

The group says it expects passenger capacity to reach 61% of its pre-Covid-19 levels by May.

SIA says it remains “hopeful” for a measured recovery in demand for international air travel.

Based on current schedules, the group says its passenger capacity is expected to be around 26% of pre-Covid-19 levels by May 2021.

The group’s flagship carrier Singapore Airlines’ capacity declined 78.0% y-o-y in December 2020.

SIA added that it will prioritise Covid-19 vaccine shipments across the key vaccine trade lanes.

Shares in SIA closed 1 cent higher, or 0.3% up, at $3.52 today.

Although all airlines registered improved passenger load factor (PLF) contributions, SIA's cargo sector faced a decline in its load factor.

Notably, the group’s flagship carrier Singapore Airlines saw a 1.5 percentage point hike in PLF to 86.3%, as passenger carriage increased 8.1% from the preceding year against capacity injections of 6.2%. Apart from the marginal declines in East Asia and