Passenger numbers drop in January: Singapore Airlines

Singapore Airlines posted last week its January operating results, revealing 3.3 percent drop in the number of passengers carried to 1.4 million compared to the same period a year ago.

The carrier said its system wide passenger carriage, measured in revenue passenger kilometres, fell 1.6 percent on the back of a larger reduction in capacity of 7.8 percent.

Capacity was lower due to SIA's planned reduction in frequencies termination of services to Amritsar and Vancouver (via Incheon), and the transfer of Hyderabad and Penang operations to SilkAir.

Subsequently, January's passenger load factor increased 5.0 percentage points to 79.1 percent.

SIA said passenger demand continued to recover in tandem with the improving global economy with all region recording improvements in passenger load factors during the month.

In its cargo business, overall cargo carriage improved by 3.3 percent on the back of a company wide cargo capacity reduction of 6.8 percent.

 Overall cargo load factor improved 5.9 percentage points.

Singapore Airlines is the world's second largest carrier by market value.

Sourced = The TTR Weekly