Singapore Airlines’ cargo volume up 7 percent in October
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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.
Questions & Answers
Q.What contributed to the increase in Singapore Airlines' cargo volume in October?
What contributed to the increase in Singapore Airlines' cargo volume in October?
The carrier's cargo loads jumped due to e-commerce flows and freighter charters. This resulted in a 7 percent year-on-year increase in cargo volume, according to their latest operating results for the month.
Q.Which routes saw the most significant improvements in cargo load factors for Singapore Airlines?
Which routes saw the most significant improvements in cargo load factors for Singapore Airlines?
Load factors improved most significantly on routes to The Americas, which saw a 12.5 percentage point increase. The South West Pacific and West Asia and Africa routes also experienced notable gains in their cargo load factors.
Q.Did all routes perform well in terms of cargo load factors for Singapore Airlines in October?
Did all routes perform well in terms of cargo load factors for Singapore Airlines in October?
No, not all routes performed well. Cargo load factors on East Asia routes actually saw a decrease, falling by 10.1 percentage points during the month, contrasting with gains in other regions.
Q.How much did Singapore Airlines' capacity expand in October compared to the previous year?
How much did Singapore Airlines' capacity expand in October compared to the previous year?
The airline's capacity for October expanded by 23 percent year-on-year. However, this growth was outpaced by a 23.5 percent increase in passenger traffic across SIA and Scoot services.
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