Singapore Airlines' passenger numbers fall in February

Singapore Airlines (SIA) carried fewer passengers in February amid a decline in capacity.

SIA’s passenger load factor fell 1.6 percentage points on-year to 75.2 per cent in February, the airline said in a news release on Monday (Mar 16). SIA's systemwide passenger carriage fell 3.5 per cent on-year, with a 1.3 per cent reduction in capacity.

The greatest drop in passenger demand was for routes plying the Americas and Europe. These fell 7.4 percentage points and 5.4 percentage points respectively, said the airline.

“The competitive landscape continues to be challenging,” said SIA. “Singapore Airlines will remain nimble to redeploy capacity to better match market demand and promotional activities will continue in relevant markets.”

SILKAIR PASSENGER NUMBERS IMPROVE
However, SilkAir’s passenger numbers went up in February, with a 1.2 percentage-point increase on-year in passenger load factor, to 72.7 per cent.

SilkAir carried 10.3 per cent more passengers in February, while there was a 12 per cent on-year increase in capacity.

The overall cargo load factor went up by 5.2 percentage points to 63.3 per cent. Cargo traffic went up 17.1 per cent, while overall capacity rose 7.6 per cent. The load factor went up for all route regions as the capacity changes were closely matched with demand, said SIA.

SOURCE