Singapore Airlines' (SIA) RPKs fell 14.1% in August from a year before as the ongoing economic slowdown continued to result in softer demand for air travel.
Capacity, as measured by ASKs, fell by 12.9% at the Star Alliance member. The passenger load factor was 1.1 percentage points lower at 78.3%, while the number of passengers carried decreased by 16% to 1.4 million.
"The year-on-year reduction in capacity followed the planned reduction in frequencies, termination of services to Los Angeles (via Taipei), Amritsar, and Vancouver (via Incheon), and the transfer of Hyderabad operations to SilkAir," says SIA.
It adds that it would continue to monitor traffic movement and make appropriate adjustments where necessary to match capacity to forward demand.
Freight tonne kilometres fell by 17.7% at SIA, while capacity was 18.8% lower. The cargo load factor improved by 0.9 percentage points to 61.9% due to "better capacity management and sales efforts", says the carrier.
Source: Air Transport Intelligence news
