SIA, Scoot flew about 35,000 fewer passengers in August compared to July
NATIONAL carrier and its budget arm Scoot flew 34,900 fewer passengers in August compared to July, and their load factors also slipped marginally.
The carrier group transported just under three million passengers last month, it announced in its August operating statistics to the Singapore Exchange on Friday (Sep 15). In contrast, both SIA and Scoot flew slightly more than three million passengers in July.
The group passenger load factor hit 88.2 per cent in August, with the full-service carrier and its budget arm posting 87 per cent and 92.1 per cent respectively for the metric that measures the percentage of available seating capacity filled by paying passengers. Passenger capacity of both carriers last month was 0.3 per cent lower than July’s.
In comparison, the passenger load factor on the group level came in slightly higher in July at 89.8 per cent, with SIA posting 89 per cent and Scoot 92.7 per cent for the metric.
When compared to the corresponding period in 2022, the number of passengers flown in August this year was up 43.5 per cent and the group passenger load factor was 2.8 percentage points higher. Passenger capacity on the group level rose by 26.3 per cent year on year.
The cargo load factor, capacity and load all declined on the group level in August compared to July.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
SIA