Singapore Airlines (SIA Group) has announced its operating results for March.
In March 2024, the SIA Group continued to see strong passenger traffic and load factors across all route regions. Group passenger traffic grew by 13.9 per cent from a year ago while capacity increased by 15.5 per cent.
Group passenger load factor (PLF) came in at 87.7 per cent, with SIA and Scoot posting monthly PLFs of 86.3 per cent and 93.1 per cent respectively. The two airlines carried just under 3.3 million passengers in total during the month, up 20.7 per cent from a year before.
Cargo loads increased by 15.6 per cent year-on-year to their highest monthly level in the Financial Year 2023/24 (FY2023/24), on the back of increased inventory flows by shippers as well as charters for various entertainment events. This outpaced the capacity expansion of 6.0 per cent for the same period. Consequently, the cargo load factor came in at a monthly high of 60.0 per cent for FY2023/24, 4.9 percentage points higher than a year before.
At the end of March 2024, the Group’s passenger network1 covered 118 destinations in 35 countries and territories. SIA served 73 destinations, while Scoot served 67 destinations.
The cargo network1 comprised 123 destinations in 37 countries and territories.
