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SIA Cargo improves in July, passenger load factor still down

The Edge Singapore
The Edge Singapore 8/16/2021 05:40 PM GMT+08  • 1 min read
SIA Cargo improves in July, passenger load factor still down
SIA's cargo improves y-o-y but passenger load factor is at 32% of pre-Covid levels
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Singapore Airlines' (SIA) passenger traffic (measured in revenue passenger-kilometres) grew on the back of a calibrated increase in passenger capacity (available seat-kilometres), which rose to around 32% of pre-Covid-19 levels in July 2021. Passenger load factor (PLF) came in at 16.3%, 5.3 percentage points lower than a year before. SIA Cargo registered a monthly cargo load factor (CLF) of 87.2%, up 2.6 percentage points year-on-year as cargo loads (freight tonne-kilometres) rose by 57.9% on the back of a 53.1% capacity (capacity tonne-kilometres) expansion. East Asia, Americas, and West Asia and Africa route regions recorded year-on-year increases in CLF during the month.

See also: UOB upgrades SIA to 'hold' with higher TP of $4.85

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