SIA Group's passenger carriage plummets by 96.6%

SIA Group's February operations barely weather the pandemic's blows.

Dampened demand for international passengers due to the COVID-19 pandemic has led to a massive drop in SIA Group's passenger carriage.

SIA Group, which operates flag carrier Singapore Airlines, SilkAir, and low-cost carrier Scoot, reported a 96.6% contraction in its overall passenger carriage for February 2021 compared to the same month last year. Passenger carriage measures the revenue per passenger and kilometer travelled.

"In February 2021, border controls and travel restrictions remained in place in many parts of the world to stem the spread of Covid-19 and amid concerns about the emergence of more virulent strains of the virus. As a result, the demand for international passenger air travel continued to be severely dampened," SIA Group said in a statement.

Broken down, Singapore Airlines reported a 96% decline in passenger carriage, SilkAir posted a 97.3% decline, and Scoots recorded a 98.8% decline.

SIA Group's logistics arm SIA Cargo, on the other hand, posted a record-breaking 94.6% increase in its cargo load factor year-on-year, 35.9 percentage points higher than last year's figures.

The firm is cautiously optimistic on how vaccinations could help its operations recover. It expects its passenger capacity to recover to around 26% of it's pre-pandemic figures by May, as it resumes services in other countries.

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