SIA posts 20.4% y-o-y growth for February in operating update

SIA and Scoot posted monthly passenger load factors of 84.5% and 92.6%, respectively.

Singapore Airlines C6L (SIA) Group’s passenger traffic grew 20.4% y-o-y for the month of February, in line with its capacity expansion of 20.7% for the month.

The group’s passenger load factor decreased 0.3 percentage points (ppts) y-o-y to reach 86.3%.

SIA and Scoot posted monthly passenger load factors of 84.5% and 92.6%, respectively. The airlines carried a combined total of 3.1 million passengers during the month, up 28.2% y-o-y.

Cargo loads rose by 12.9% y-o-y, which was higher than the capacity expansion of 7.4%, on the back of stronger e-commerce flows. As a result, cargo load factors increased 2.7ppt y-o-y to reach 56.7% in February.

As at end-February, the group’s passenger network covered 121 destinations in 35 countries and territories. SIA served 76 destinations, while Scoot served 67 destinations. The cargo network comprised 126 destinations in 37 countries and territories.

Shares in SIA closed 4 cents lower or 0.62% down at $6.38 on March 15.

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