SIA Group passenger traffic rises 10.2% in May

SINGAPORE Airlines (SIA) Group reported a 10.2 per cent year-on-year increase in passenger traffic in May 2024, as demand for air travel remained robust.

During the month, Singapore Airlines and Scoot carried 3.2 million passengers in total, 14.3 per cent higher than a year ago, the group said on Tuesday (Jun 18) as it reported its operating results for May. Passenger capacity increased by 12.6 per cent. 

As a result, group passenger load factor stood at 86.1 per cent, with SIA and its low-cost airline arm Scoot posting monthly passenger load factors of 85.6 per cent and 88.1 per cent, respectively.

Cargo loads rose by 18.5 per cent year on year on the back of strong e-commerce demand and some demand spillover resulting from disruptions in sea freight, the group said. 

This outpaced the capacity expansion of 11.7 per cent for the same period. Consequently, the cargo load factor came in at 56.5 per cent, 3.3 percentage points higher than a year before.

Scoot commenced passenger flights to Koh Samui on its new Embraer E190-E2 aircraft on May 13. With this addition, the group now serves a total of six points in Thailand.

At the end of May 2024, the group’s passenger network covered 123 destinations in 36 countries and territories. SIA served 77 destinations, while Scoot served 68 destinations. The cargo network comprised 127 destinations in 37 countries and territories.