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.

Singapore Airlines caters to 13.6 million passengers in July, a 28.1% y-o-y increase in group passenger capacity

Local banks 'resilient' in 2023, but MAS warns of deteriorating asset quality, climate transition risks

The new kings and queens of content

Singapore’s headline and core inflation figures increase to 4.7% and 3.3% in October

Changpeng Zhao, brawling titan of Binance, meets a sudden defeat

Optus CEO resigns after nationwide outage; former StarHub CEO to join as COO

Singapore Airlines caters to 13.6 million passengers in July, a 28.1% y-o-y increase in group passenger capacity

Related News

Highlights

Local banks 'resilient' in 2023, but MAS warns of deteriorating asset quality, climate transition risks

Related News

Singapore Airlines expands Philippine reach with new regional partner

SIA passenger traffic growth outpaces capacity expansion in October operational update

Analysts keep their 'reduce' and 'sell' calls on SIA despite record quarterly performance