SIA says pax traffic grows in July

In July 2024 the Singapore Airlines (SIA) Group’s passenger traffic grew by 3.6% from a year before, while passenger capacity increased by 8.7%. SIA and Scoot carried 3.2 million passengers in total during the month (+6.7% year-on-year). The Group passenger load factor (PLF) came in at 85.6%, with SIA and Scoot posting monthly PLFs of 84.7% and 88.9% respectively. SIA experienced lower load factors for East Asia route region notwithstanding robust growth in passenger traffic, due to the substantial capacity expansion in North Asia. Cargo loads rose by 18.5% from the previous year, supported by robust e-commerce demand, some demand spillover resulting from disruptions to sea freight, and port congestion. This outpaced the capacity expansion of 8.2%. Consequently, cargo load factor came in at 57.4% (+5.0 percentage points year-on-year). At the end of July 2024, the Group’s passenger network1 covered 125 destinations in 36 countries and territories. SIA served 78 destinations, while Scoot served 69 destinations. The cargo network1 comprised 129 destinations in 37 countries and territories. For Editorial Inquiries Contact: Editor Matt Driskill at [email protected] For Advertising Inquiries Contact: Head of Sales Kay Rolland at [email protected]