SIA Group’s July passenger traffic grows 2.6% amid growing passenger capacity
Cargo loads have been stable year on year, even with reduced freighter aircraft activity
Singapore Airlines (SIA) and Scoot, part of the SIA Group, saw a 2.6% year-on-year increase in passenger traffic in July, carrying a combined 3.7 million passengers. This growth outpaced the 4% increase in passenger capacity, driven by network expansion to East Asia, Europe, and the south-west Pacific. The passenger load factor (PLF) reached 86% for the month.
SIA and Scoot individually reported PLFs of 84.8% and 90.2%, respectively. Despite the expansion, the group reported a net loss of S$76 million due to higher fuel costs and Air India's losses, marking the first quarterly loss since the pandemic. Cargo loads also remained stable year-on-year, with a 0.8 percentage point increase in cargo load factor to 57.9%.
Scoot suspended services to Jeddah, Saudi Arabia, while SIA's services to Dubai remained suspended. The SIA Group now serves 136 destinations across 35 countries and territories, with the full-service carrier operating in 78 destinations and Scoot in 84.
Written by urgent.news from The Business Times - Singapore's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- SIA Group’s July passenger traffic grows 2.6% amid growing passenger capacity businesstimes.com.sg
