$SIA (C6L.SG)$ : JANUARY 2024 OPERATING RESULTS In January 2...
$SIA(C6L.SG$ : JANUARY 2024 OPERATING RESULTS
In January 2024, the Singapore Airlines (SIA) Group's passenger capacity increased 16.5% from a year before while passenger traffic grew 14.4%, lagging capacity growth partly due to the shift in the Lunar New Year to February 2024. Consequently, Group passenger load factor (PLF) came in at 85.3%, 1.6 percentage points lower year-on-year with SIA and Scoot posting monthly PLFs of 84.2% and 89.4% respectively.
In January 2024, the Singapore Airlines (SIA) Group's passenger capacity increased 16.5% from a year before while passenger traffic grew 14.4%, lagging capacity growth partly due to the shift in the Lunar New Year to February 2024. Consequently, Group passenger load factor (PLF) came in at 85.3%, 1.6 percentage points lower year-on-year with SIA and Scoot posting monthly PLFs of 84.2% and 89.4% respectively.
The two airlines carried a combined 3.2 million passengers during the month, 23.1% higher than a year before.
Cargo loads grew 19.7% year-on-year due to stronger e-commerce demand and a growth in shipments ahead of the Lunar New Year holidays. This outpaced the capacity injection of 13.8% from a year before . Consequently, load factors were 2.7 percentage points higher at 54.5%.
At the end of January 2024 the Group's passenger network¹ covered 121 destinations in 35 countries and territories. SIA served 76 destinations, while Scoot served 67 destinations. The cargo network¹ comprised 126 destinations in 37 countries and territories.
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