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$SIA (C6L.SG)$ : SEPTEMBER 2024 OPERATING RESULTS In Sept...
SEPTEMBER 2024 OPERATING RESULTS
In September 2024, the Singapore Airlines (SIA) Group's passenger capacity increased by 9.7% from a year ago, outpacing the growth in passenger traffic of 7.7%. As a result, the Group passenger load factor (PLF) came in at 86.1% (-1.6 percentage points year-on-year). SIA and Scoot posted monthly PLFs of 85.7% and 87.3% respectively. The two airlines carried a total of 3.1 million passengers during the month (+7.9% year-on-year).
In September 2024, the Singapore Airlines (SIA) Group's passenger capacity increased by 9.7% from a year ago, outpacing the growth in passenger traffic of 7.7%. As a result, the Group passenger load factor (PLF) came in at 86.1% (-1.6 percentage points year-on-year). SIA and Scoot posted monthly PLFs of 85.7% and 87.3% respectively. The two airlines carried a total of 3.1 million passengers during the month (+7.9% year-on-year).
Cargo loads rose by 12.0% year-on-year, supported by stronger demand due to new mobile product launches. This outpaced the expansion in cargo capacity of 10.4% for the same period. Consequently, cargo operations posted a load factor of 58.0% (+0.9 percentage point year-on-year).
During the month, Scoot launched services to Subang (Malaysia) and Kertajati (Indonesia), expanding the Group's network in South East Asia.
At the end of September 2024, the Group's passenger network' covered 127 destinations in 36 countries and territories. SIA served 78 destinations, while Scoot served 71 destinations. The cargo network' comprised 131 destinations in 37 countries and territories.
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Trump 2.0 Era: What's the next opportunity in the markets?
▪️Could Trump's crypto policies potentially benefit the crypto market? ▪️Might his tariff policies have a positive effect on Chinese stocks
Michael McCarthy CCO
Jan 3 11:57
Ask a strategist - Trump's first day
123456FEDCBA : Good news, means tomorrow only drop 2 cents instead of 20
Meng PaPa OP 123456FEDCBA : Actually, the figure is relatively mixed. It's not that fantastic and also not that bad either. The pricing should be around here to slightly up. Just my feelings only.
_MK_Watcher_ : Yup, with increased competition, the result is expected to be 'neither here nor there'. We can only hope that there is significant improvement during the year end with heavier travel traffic and cargo loads due to festive seasons.
Ricky138 : with increased competitions, climate impacting travel, wars looming...... .maintaining +/- perfromance vs last year is already a very good results. A company wont be able to beat results every single year.
Meng PaPa OP _MK_Watcher_ : Yes, I fully agree. The next report date to watch out for is Nov 8, where they will announce the Dec dividends as well. I mean half yearly dividends.
Meng PaPa OP Ricky138 : Yes, SIA is facing stiff competition and challenges this financial year. It is, therefore, very remarkable that they are able to maintain the figures around the current level. Minor fluctuation is inevitable.