Singapore Airlines’ cargo volume up 7 percent in October

Singapore Airlines saw cargo loads jump 7 percent year on year in October, on the back of e-commerce flows and freighter charters, according to the company’s latest operating results.

The carrier’s cargo operations posted a load factor of 56.1 percent, or 3.5 percentage points higher year-on-year, with load factors on routes to The Americas (12.5 percentage points), South West Pacific (9.5 percentage points) and West Asia and Africa (7.8 percentage points), seeing notable gains. Meanwhile, cargo load factors on East Asia routes fell-10.1 percentage points.

Capacity for the month expanded 23 percent YoY, which was outpaced by 23.5 percent passenger traffic growth, with SIA and Scoot registering 3.1 million passengers in total, up 36.1 percent from the same month a year before.

As of end-October, the group’s cargo network comprised 121 destinations in 37 countries and territories.