SIA's passenger load factor for Oct decreases 1.3 percentage points

SINGAPORE Airlines' (SIA) passenger carriage for October slid 1.2 per cent year on year, versus 0.5 per cent growth in capacity, which nudged passenger load factor (PLF) lower to 77.2 per cent.

During the month, PLF fell 1.3 percentage points as PLF decreased across all route regions, except for the South West Pacific.

SIA highlighted that traffic grew for Europe and East Asia - although at a slower clip compared to capacity - but demand softened for the Americas as well as West Asia and Africa.

"The operating environment remains challenging. Capacity will be adjusted accordingly to better match market demand and promotional activities will continue in relevant markets," said the airline.

For regional wing SilkAir, passenger carriage (measured in revenue passenger kilometres) expanded strongly by 8.7 per cent, vis-a-vis a 3.1 per cent growth in capacity (in available seat kilometres), lifting PLF by 3.6 percentage points to 70.3 per cent. PLF for West Asia was up 12.4 percentage points to 72.3 per cent on the back of higher passenger carriage and lower capacity. Meanwhile, load factor for East Asia and the Pacific edged up 0.5 percentage point to 69.7 per cent.

On the cargo front, cargo traffic (in freight tonne kilometres) was down 2.8 per cent against a bigger 4.3 per cent reduction in capacity. As such, cargo load factor inched up one percentage point to 64.6 per cent.

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