SIA Group passenger traffic rises 7.4% in October

Cargo loads are up by 20.2 per cent, while cargo capacity expanded by 14.3 per cent

SINGAPORE Airlines (SIA) Group reported a 7.4 per cent year-on-year increase in passenger traffic to 12.9 billion for October 2024, in its latest operating update released on Friday (Nov 15).

The national carrier and its low-cost arm Scoot flew a total of 3.3 million passengers during the month, up 7 per cent from the year before. Passenger capacity increased by 9.2 per cent in October.

Group passenger load factor registered at 86 per cent, 1.4 percentage points lower year on year, with SIA and Scoot posting monthly passenger load factors of 86.1 per cent and 85.4 per cent, respectively.

Cargo loads rose by 20.2 per cent on year on the back of higher peak-season shipments and freighter charters, said SIA. This outpaced the 14.3 per cent expansion in cargo capacity for the same period.

Consequently, the group ’s cargo load factor increased by three percentage points to 59.1 per cent.

In October, Scoot expanded the group’s network of South-east Asian destinations with the launch of services to Malacca, Malaysia. On the other hand, its services to Ningbo, China, were suspended in line with the airline’s regular review and optimisation of its network.

At the end of October 2024, the group’s passenger network covered 127 destinations in 36 countries and territories. SIA served 78 destinations, while Scoot served 71 destinations. The cargo network comprised 131 destinations in 37 countries and territories.

Copyright The Business Times. All rights reserved.