Singapore Airlines January 2018 Operating Results

NEW YORK, February 14, 2018 – The operating results for January 2018 are given in the table below.

In spite of the shift of Lunar New Year holidays from January in 2017 to February in 2018, SIA Group airlines' passenger load factor (PLF) in January 2018 came in flat at 81.1%. The 2.4% increase in passenger carriage (measured in revenue passenger kilometres) matched the 2.4% increase in capacity (measured in available seat kilometres).

Singapore Airlines' passenger carriage was flat compared to last year, against a 0.1% increase in capacity. Consequently, PLF declined marginally by 0.1 percentage points year-on-year to 81.1%. The operating landscape remains challenging, with efforts focused on balancing yields against loads, amidst competitive pressures.

SilkAir’s systemwide passenger carriage increased by 0.7%, trailing growth in capacity of 4.4%. Consequently, PLF fell 2.6 percentage points to 70.6%. Growth in traffic lagged capacity injection to Cairns, Male and Kathmandu, and demand for Denpasar and Lombok was affected by the eruption of Mount Agung.

Scoot recorded passenger carriage growth of 12.6%, exceeding capacity expansion of 10.9%. Consequently, PLF rose by 1.3 percentage points to 85.0%. PLF on selected routes to Thailand, India, Australia as well as fifth freedom routes to North Asia continued to improve.

Overall cargo load factor (CLF) was 0.4 percentage points higher, with growth in cargo traffic (measured in freight-ton-kilometres) of 4.5% ahead of capacity increase of 3.9%. CLF improved across most regions, except Americas and Europe, as demand outpaced capacity changes.