SIA’s passenger carriage slipped 3.8% in November

Due to weaker demand in America and Europe.

The national carrier served fewer passengers in November. SIA reported that its systemwide passenger carriage, which is measured in revenue passenger kilometres, registered 3.8% year-on-year decline.

SIA carried 1.52m passengers last month, a 1.6% decline compared to 1.54m passengers carried in the same period last year.

In a statement, SIA said that passenger load factor improved for East Asia and South West Pacific due to better demand and capacity rationalisation. However, demand was weaker for Americas and Europe.

“The operating environment remains competitive and challenging. Capacity will be adjusted accordingly to better match market demand and promotional activities will continue in relevant markets,” stated SIA.

Here’s more from SIA:
SilkAir’s systemwide passenger carriage grew 5.8% year-on-year, compared to a 2.5% increase in capacity. Consequently, PLF improved by 2.1 percentage points to 70.9%. Passenger carriage grew for the East Asia and Pacific region, albeit lagging behind capacity growth. For the West Asia region, PLF increased on a combination of higher passenger carriage and reduced capacity.

Overall cargo load factor improved by 3.8 percentage points as cargo traffic (measured in freight-tonne kilometres) was 1.7% higher against an overall capacity reduction of 4.1%. Load factor improved on all route regions as capacity changes were more closely matched with traffic. Good seasonal demand on the South West Pacific routes boosted load factors.