SIA Group passenger traffic rises 24.8% on year in Sept

SINGAPORE Airlines (SIA) Group reported a 24.8 per cent year-on-year increase in passenger traffic in September 2023, as demand for air travel remained robust.

Its bourse filing on Monday (Oct 16) indicated that revenue passenger-km, which measures the number of passengers carried multiplied by the distance flown, rose to 11.6 billion in Sept 2023, up from 9.3 billion a year earlier. The growth in passenger traffic outpaced capacity expansion, which rose 23.7 per cent.

This meant that passenger load factor (PLF) for the group’s airlines improved to 87.7 per cent, up from 87 per cent in September 2022, with SIA and Scoot posting monthly PLFs of 87.6 per cent and 88.1 per cent, respectively.

The overall PLF, however, was slightly lower than the 88.2 per cent reported in August 2023.

Both airlines carried a combined total of 2.9 million passengers during the month, up 36 per cent from a year before. However, this was slightly lower than the three million passengers carried in August this year.

As at end-September, SIA Group’s passenger network covered 119 destinations in 36 countries and territories.

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SIA, Scoot flew about 35,000 fewer passengers in August compared to July

The group’s cargo operations also grew in September. Cargo loads rose 6.1 per cent on year, which was higher than capacity expansion of 4.6 per cent.

Shares of SIA fell 1.7 per cent on Monday to close at S$6.33 before it released its operating results for September.