SIA load factor slips, denies HK Air stake

Singapore Airlines’ overall cargo load factor (CLF) was 67.8 per cent, 0.2 percentage points lower in March year-onyear, as cargo traffic (measured in freighttonnes- kilometres) was down by 1.8 per cent against an overall capacity reduction of 1.6 per cent. Load factor improved on all route regions (Americas +9.3 per cent, Southwest Pacifi c +3.7 per cent and West Asia and Africa +1.5 per cent) except East Asia and Europe (-9.7 per cent and -1.7 per cent respectively), where SIA said demand did not keep pace with capacity changes.


denies HK Air stake SIA load factor slips


Singapore Airlines’ overall cargo load factor (CLF) was 67.8 per cent, 0.2 percentage points lower in March year-onyear, as cargo traffic (measured in freighttonnes- kilometres) was down by 1.8 per cent against an overall capacity reduction of 1.6 per cent. Load factor improved on all route regions (Americas +9.3 per cent, Southwest Pacifi c +3.7 per cent and West Asia and Africa +1.5 per cent) except East Asia and Europe (-9.7 per cent and -1.7 per cent respectively), where SIA said demand did not keep pace with capacity changes.

Overall the group (SIA, Silkair and Scoot) carried 99,300 tonnes during the month, down 5.3 per cent y-o-y.

System wide passenger carriage (measured in revenue passenger kilometres) increased 1.2 per cent over last year, against a one per cent reduction in capacity (measured in available seat kilometres). Consequently, passenger load factor (PLF) improved 1.6 percentage points to 76.6 per cent.

“The competitive landscape continues to be challenging. Singapore Airlines will remain nimble to redeploy capacity to better match market demand and promotional activities will continue in relevant markets,” it said.

Meanwhile, the carrier has denied US media reports linking it to talks involving the possible acquisition of a stake in Hong Kong Airlines. Th e Wall Street Journal quoted confidential sources as stating the Singapore carrier was in negotiations over the possible acquisition of a minority stake in the Hong Kong-based airline. “We are not in talks to buy any stake in Hong Kong Airlines,” a Singapore Airlines spokesman told Reuters.