SIA Group's passenger load factor up by 4.1ppt to 80.8% in October

SilkAir's systemwide passenger carriage grew 24.6%.

Singapore Airline Group's (SIA Group) passenger load factor (PLF) rose by 4.1ppt to 80.8% in October.

According to its operating results, passenger carriage increased 8.3% compared to last year, outpacing capacity injection of 2.8%.

Meanwhile, SIA's PLF rose by 2.8ppt to 80.2%, whilst passenger carriage went up 4.9% compared to last year, against 1.2% capacity increase.

There was stronger passenger demand, improving all route regions, SIA said.

"The operating landscape remains competitive and efforts to stabilise yields are ongoing," the airlines added.

SilkAir's systemwide passenger carriage grew 24.6% YoY, surpassing capacity growth of 13.6%.

PLF also went up 6.5ppt to 73.8%, thanks to higher demand in India, China, Thailand, Malaysia, and Australia.

SilkAir also previously launched its inaugural flight to Hiroshima with its new Boeing 737 Max 8 aircraft. It also took over Scoot's Yangon services in order to consolidate SIA Group's resources.

Here's more from the company:

Scoot recorded passenger carriage growth of 18.5%, exceeding capacity expansion of 6.0%. Consequently, PLF went up by 9.1ppt to 85.8%, boosted by improvements in all route regions.

PLF on selected routes to India, China, Southeast Asia, as well as fifth freedom routes to North Asia continued to improve.

During the month, Scoot took over Kuching services from SilkAir, and this expands Scoot's network to five destinations in Malaysia.

Overall cargo load factor (CLF) was 1.6ppt higher, with growth in cargo traffic (measured in freight tonne-kilometres) of 1.8% against capacity reduction of 0.5%. CLF improved across all regions except Americas and Europe, as demand outpaced capacity changes.

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