SIA Group reports 9.4% cargo growth and higher passenger traffic
September passenger numbers reached 3.5 million, but capacity expansion outstripped traffic growth, lowering the group’s passenger load factor.
Singapore Airlines (SIA) Group recorded September cargo loads 9.4 per cent above a year earlier, alongside a 2.8 per cent rise in passenger traffic. The group disclosed the figures in an October 15 stock exchange filing.
The group linked the cargo increase to growth in most verticals, highlighting hardware shipments used in semiconductor and artificial intelligence applications. With cargo capacity expanding 3.1 per cent, its cargo load factor reached 59.6 per cent, gaining 3.4 percentage points. It transported 102.2 million kg of cargo and mail, an increase of 8.6 per cent.
Across its passenger operations, the group carried 3.5 million people, a 3.7 per cent increase. Capacity grew 3.1 per cent, exceeding traffic growth and leaving the passenger load factor at 86.8 per cent, down 0.3 percentage point.
SIA carried 2.3 million passengers, up 3.6 per cent. Its traffic grew 3 per cent against a 3.6 per cent capacity increase. The airline’s passenger load factor stood at 85.7 per cent after declining 0.5 percentage point.
At Scoot, passenger numbers increased 3.8 per cent to 1.2 million. Traffic expanded 2.2 per cent, exceeding capacity growth of 1.4 per cent. Its passenger load factor reached 90.8 per cent, a gain of 0.7 percentage point.
The group served 136 passenger destinations across 35 countries and territories at September 30. SIA’s network comprised 78 destinations, while Scoot’s comprised 84.
