SIA group flies more than 2 million passengers in July, first time since pandemic

FLAG carrier Singapore Airlines (SIA) carried 2.1 million passengers on a group level in July, marking the first time its passenger carriage has crossed the 2 million mark since the start of the Covid-19 pandemic, it said in its operating results filed to the bourse on Monday (Aug 15).

In July, the group’s passenger load factor also reached a new pandemic-high load factor of 87.4 per cent, making it the second-highest monthly figure in its group’s history.

The peak summer season kept demand for air travel robust across all regions except East Asia, where travel restrictions remained in place in some key markets, SIA said.

In July, the group reached 67 per cent of its pre-Covid-19 capacity, while group passenger capacity was 4.9 per cent higher on month.

Passenger load factor for its full-service carrier SIA was 87.7 per cent, while passenger load factor for its budget carrier Scoot was at 86 per cent.

Cargo operations registered a load factor of 60.5 per cent, down 26.7 percentage points on year, with loads declining 4 per cent on year.

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SIA noted that it resumed services to Shenzhen, China in the month, bringing the group’s passenger network to cover 99 destinations as at end July.

Shares of SIA closed at S$5.39 on Monday, down S$0.02 or 0.4 per cent, before the announcement.