94% post-COVID recovery for Singapore Airlines Group in December

In December, Singapore Airlines Group once again significantly increased passenger traffic while constraining its available capacity, keeping its load factors close to 90%. The group, which includes Singapore Airlines and Scoot, reported year-on-year passenger growth of 24.4% and in December recovered to 94% of pre-pandemic levels. Last month, the Singapore Airlines Group gave the best indication so far that it is homing in on full recovery, with both Singapore Airlines and low-cost carrier Scoot carrying more passengers than they did in December 2019. The group was just 200,000 passengers away from 2019 levels, which listed separate numbers for Silk Air, which somewhat distorts the December result on an airline-by-airline basis. The number to focus on is the Singapore Airlines Group, which carried 3.344m passengers in December, a 24.4% increase on the 2.689m it carried in December 2022 and 94% of the 3.543m passengers in December 2019. By managing the balance between available capacity and passengers, the group has posted a load factor of 89.4%, compared to 89.7% in 2022 and 87.6% in 2019.<br/>