SIA posts strong load factors in July as West Asia market improves

SIA Group announced high load factors for the month of July, with an average of 85.9%, up 2.3 percentage points year-over-year. Traffic exceeded capacity growth across the group’s 3 airlines. The strongest passenger carriage growth came from the SIA’s LCC arm, Scoot. Traffic grew 24.1%, outpacing capacity expansion by 19.7%. The strongest load factor improvements came from markets to West Asia, in this case India, which grew by 12.4 points to 84.7%. SIA said selected routes to North Asia, India, Thailand and Australia continued to improve. The numbers for parent SIA improved and the airline points to the summer peak season. Load factors and traffic all grew across all markets with routes to Europe and South West Pacific averaging around 90% full. <br/>