Singapore Airlines (SIA) has posted a 5% fall in passenger traffic in November, but says traffic demand has been "encouraging" as the economy shows signs of recovery.
The number of passengers carried in November declined 7% to 1.4 million from a year ago, says the airline.
Capacity, as measured by ASKs, fell 9%. As a result, the passenger load factor grew 3.8 percentage points to 81.9%, adds SIA.
"The year-on-year reduction in capacity followed the planned reduction in frequencies, termination of services to Amritsar and Vancouver (via Incheon), and the transfer of Hyderabad operations to SilkAir," it says.
"Traffic demand has been encouraging as global economic conditions show signs of improvement. Singapore Airlines will continue to make appropriate adjustments where necessary to better match capacity to forward demand," adds the airline.
In terms of cargo, RTKs fell 3% and capacity was cut 12%. The cargo load factor grew 6.1 percentage points to 66.4%, says SIA.
"The cargo load factor improved for all regions except for the South-west Pacific. The improvement in cargo load factors was attributable to the tight capacity in the market as well as a general improvement in trading conditions due to the pre-festive peaks," adds the carrier.
Source: Air Transport Intelligence news
