Friday, March 16, 2012

Singapore passenger load factor inches up in February

SINGAPORE: Singapore Airlines (SIA) passenger load factor (PLF) rose one percentage point to 76.1 per cent in February from 2011.

It said that demand for flights to and from Singapore had benefited from the Singapore Airshow held between February 14 and 19.

However, the effects of the airshow was partially offset by a travel lull to certain markets after the Lunar New Year holidays. Notably, load factor for East Asia and West Asia & Africa fell 1.4 and 0.3 percentage points to 77.1 per cent and 70.6 per cent respectively.

Load factors for the Americas increased five percentage points to 73.3 per cent while Europe saw an increase of 1.5 percentage points to 74 per cent.

SIA said: "The operating environment remains challenging with jet fuel prices increasing 14 per cent over the same month last year. Passenger yields are likely to come under pressure with intense competition, coupled with recent promotional fare activities."

For the month of February, the number of passengers SIA carried increased by 6.5 per cent to 1.4 million with system-wide passenger carriage increasing by 6.8 per cent.

Overall cargo traffic was 7.1 per cent higher compared to the same month last year, while cargo capacity increased by 6.9 per cent.

Consequently, cargo load factor in February increased by 0.1 percentage point. Cargo load factor increased for all regions, except for Europe and West Asia & Africa.


View the original article here

Source From Channel News Asia

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