Singapore Airlines (SIA) said its passenger load factor (PLF) improved 2.5 percentage points to 77.7 per cent last month, as it carried more passengers per kilometre in November.
The airline carried 9.1 per cent more passengers per kilometre last month compared to a year ago, outpacing the 5.6 per cent increase in capacity.
SIA said in a statement that the number of passengers it carried also increased by 9.7 per cent to 1.5 million.
In addition, PLF strengthened across all route regions except South West Pacific, where growth in demand lagged capacity increase.
The Americas led the growth as demand was boosted by promotional activities.
However SIA said passenger yields are likely to come under pressure as a result of the "challenging operating environment and promotional activities".
Meanwhile, SilkAir carried 12.2 per cent more passengers per kilometre year-on-year against a 19.1 per cent growth in capacity.
As a result, SilkAir's average occupancy per airline (or PLF) was lower by 4.6 percentage points to 74.4 per cent.
This was a result of a decline in load factors in the East Asia and Pacific regions, as the increase in traffic lagged the rate of capacity expansion.
Meanwhile, overall cargo traffic, measured in freight-tonne-kilometres, was 8.8 per cent lower than the same month last year, while cargo capacity decreased by 11.4 per cent.
The cargo load factor (CLF) in November 2012 however increased by 1.9 percentage points.
CLF was higher for all route regions except East Asia due to better capacity management.
SIA said that CLF for the East Asia region declined 3.4 percentage points as traffic demand did not match capacity increases arising from cargo capacity on passenger aircraft.
SOURCE
Don't be too happy just yet. The weather is only going to get rougher ahead. The increase in load didn't really translate into true profits. SIA still has a lot to do.
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