SINGAPORE (Yosefardi) – Singapore Airlines’ systemwide passenger carriage (measured in revenue passenger kilometres) decreased 2.1% against capacity reduction in February 2014 (measured in available seat kilometres) of 0.4%.
Consequently, passenger load factor (PLF) fell 1.4 percentage points to 76.8%. The number of passengers carried decreased by 1.8% to 1.4 million.
The weaker passenger carriage was attributed to a combination of Lunar New Year demand shifting from
February last year to January this year and softer demand to Bangkok. The operating environment continuesto remain challenging. Efforts to stimulate demand to maintain loads will continue to place downward pressure on yields.
SilkAir’s systemwide passenger carriage increased 0.3% year-on-year against 4.4% growth in capacity. As a result, PLF was 2.9 percentage points lower at 71.5%. The number of passengers carried increased by 0.4%. The change in passenger carriage lagged behind capacity growth in East Asia and Pacific Region, while West Asia region experienced a decline in passenger carriage.
Overall cargo traffic (measured in freight-tonne-kilometres) and capacity were 11.1% and 4.0% lower,
respectively. Consequently, cargo load factor was 4.6 percentage points lower. Load factors were lower on all route regions mainly due to weaker seasonal demand that was further affected by the Lunar New Year lull period.