SIA Group’s PLF reaches monthly record of 90.6% due to ‘robust demand’ during mid-year holidays and summer travel season

The Singapore Airlines (SIA) Group saw passenger traffic grow by 34.8% y-o-y in June, outpacing the capacity expansion of 27.2% compared to a year ago. As a result, the group’s passenger load factor (PLF) increased by 5.1 percentage points y-o-y to reach 90.6%, a monthly record. The strong figures were attributable to the “robust demand” for air travel on the back of the mid-year school holidays and the beginning of the summer travel season. SIA and budget carrier Scoot reported monthly PLFs of 89.7% and 93.6% respectively. Both airlines carried a total of 2.9m passengers in June, which is up by 50.4% y-o-y. During the month, cargo operations fell by 13.0 percentage points y-o-y to a load factor of 51.6%. Cargo loads fell by 14.9% y-o-y due to weaker demand while capacity expanded by 6.6% as increased passenger services resulted in a higher bellyhold capacity. At the same time, Scoot resumed its services to the Chinese cities of Changsha and Wuhan.<br/>