SIA Group's January load factor up 1.4ppt to 84.5%

The year-end holidays boosted the PLF of all of its airlines.

SIA Group airlines' (SIA) passenger load factor (PLF) rose by 1.4 percentage points (ppt) YoY to 84.5% in January, an announcement revealed. Its passenger carriage also grew 7.9% YoY, outpacing capacity growth of 6.1%.

In contrast, cargo load factor (CLF) dipped 5.9 ppt, as the 13.9% decline in cargo traffic outpaced the capacity contraction of 4.1%. All route regions registered declines in CLF.

As for its airlines, Singapore Airlines’ PLF inched up 0.6 ppt YoY to 84.1%, whilst its passenger carriage rose 7.2% YoY against capacity injection of 6.5%. The year-end holidays lead to stronger returning traffic, which improved PLF for Americas, Europe, and West Asia and Africa.

However, PLF for East Asia remained flat, whilst PLF for South West Pacific declined marginally as capacity growth outstripped demand.

SilkAir's PLF grew 4.4 ppt to 79.6%, driven by the slip in its system-wide passenger carriage by 2.7% as capacity contracted by 8%. The transfer of eleven destinations to Scoot, Busan to Singapore Airlines and the grounding of Boeing 737 MAX 8 fleet from service affected SilkAir's capacity.

Lastly, Scoot's PLF edged up 3.1 ppt to 87.5% as passenger carriage increased by 13.5% against capacity expansion of 9.4%. It saw improved performance for Southeast Asia and North Asia due to the Lunar New Year festive season, leading to a higher PLF in East Asia. West Asia recorded improvement in demand, whilst Rest of World benefited from stronger connecting traffic. Services to Wuhan were suspended from 23 January 2020 following the COVID19 outbreak.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia