SIA Group’s passenger traffic inches up by 0.7% in January ahead of holiday season

Passenger numbers rise 4.1% even as load factor slips.

Singapore Airlines (SIA) Group’s passenger traffic rose 0.7% year-on-year (YoY) against a 2.1% increase in capacity, partly reflecting the shift of the Lunar New Year holiday season from January in 2025 to February in 2026.

The group's passenger load factor (PLF) declined 1.2 percentage points to 86.6%, with SIA and Scoot posting monthly PLFs of 86.1% and 88.2% respectively.

SIAs available seat-km was 12.2 billion, down 0.8% YoY, whilst revenue passenger-km was 10.5 billion, down 2.0%.

Scoot’s available seat-km rose 13.0% to 3.7 billion, whilst revenue passenger-km increased 10.4% to 3.3 billion.

The two airlines carried 3.66 million passengers, up 4.1% YoY.

Cargo loads were flat YoY whilst capacity declined 2.0%, resulting in a 1.0 percentage point increase in cargo load factor to 52.1%.
During the month of January 2026, Scoot launched passenger services to Chiang Rai in Thailand and Palembang in Indonesia.

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