SIA passenger load factor falls in May

Singapore Airlines' (SIA) passenger load factor fell 1.2 percentage points on-year to 74.6 per cent in May.

In a statement issued Monday, the airline said load factors eased across all regions, with Europe and the South West Pacific regions registering the highest declines.

In the face of a challenging operating environment, SIA said its efforts to boost loads are expected to exert pressure yields.

Meanwhile, SilkAir carried 5.9 per cent more passengers per kilometre despite a 17.2 per cent growth in capacity.

This led to a fall in its passenger load factor by 7.0 percentage points on-year, from 73.2 per cent to 66.2 per cent.

Overall cargo traffic was 5.1 per cent lower on-year, while capacity decreased by 3.8 per cent.

The carrier cited weak traffic against capacity changes as the main cause for the decline.

The only exceptions were Europe, where the change in load factor was positive, and South West Pacific, where traffic and capacity changes were on par year-on-year. 

SOURCE

Languishing around with load factor dropping, it seems that every A380 flight to and from Europe isn't making enough money as it seems.