SIA boosts load factor in October
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In October 2009, Singapore Airlines’ systemwide passenger carriage (measured in revenue passenger kilometres) declined year-on-year by 6.0%. Against the backdrop of a 10.3% reduction in capacity (measured in available seat kilometres), passenger load factor (PLF) improved 3.6 percentage points to 81.1%. The number of passengers carried fell 9.6% over the same month last year to 1.4 million.
The year-on-year reduction in capacity followed the planned reduction in frequencies, termination of services to Amritsar, Los Angeles (via Taipei), Vancouver (via Incheon), as well as the transfer of Hyderabad operations to SilkAir.
There are encouraging signs that the decline in demand may have bottomed out, with increasing demand seen in the premium classes. Singapore Airlines will continue to make appropriate adjustments where necessary to better match capacity to forward demand.
Systemwide cargo capacity was reduced by 13.1% whereas cargo traffic (measured in freight tonne kilometres) declined by 4.2%. Consequently, overall load factor improved by 6.0 percentage points to 65.4%. Cargo load factor (CLF) improved for all regions, except for South West Pacific. The improvement in CLFs was mainly due to tight capacity management as well as the general improvement in market conditions ahead of the traditional airfreight peak.
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