Tuesday, April 22nd, 2025

Singapore Airlines Achieves Strong Passenger and

Date of Report
17 September 2024

Broker
Maybank Research Pte. Ltd.


Passenger Capacity and Traffic Growth

In August 2024, Singapore Airlines (SIA) recorded a year-on-year (YoY) increase in passenger capacity of 10.8%, which outpaced the 7.7% YoY growth in passenger traffic. The Group’s overall passenger load factor (PLF) stood at 85.7%, reflecting a 2.5 percentage point decrease compared to the same period last year.

Performance by Airline

  • SIA: Achieved a PLF of 84.9%.
  • Scoot: Posted a higher PLF of 88.8%.

Together, SIA and Scoot carried a total of 3.3 million passengers in August 2024, marking a 9.4% YoY increase.

Cargo Operations Growth

Cargo loads for SIA grew by 20.9% YoY, driven by sustained demand from e-commerce and some spillover from disruptions in sea freight. Cargo capacity also expanded by 10.4% YoY. As a result, the cargo load factor improved to 56.1%, up by 4.9 percentage points YoY.

Xiaomi Stock Soars: AI, Smartphones, and EVs Drive 33% Rally in 2025

Comprehensive Equity Research: A Deep Dive into Xiaomi Corp and Peer Analysis Comprehensive Equity Research: A Deep Dive into Xiaomi Corp and Peer Analysis Broker: OCBC Investment Research Date: 10 February 2025 Xiaomi Corporation:...

Marine Stocks on the Crest of a Wave: Singapore’s Shipbuilders Set for Smooth Sailing Amid Global Demand Surge

Singapore, Jan 20, 2025 — The marine sector is riding a tidal wave of growth, with Singapore-listed marine stocks showing robust gains over the past year. Analysts predict a favorable outlook, fueled by a...

US Treasury Borrowing Surge: Impact on Global Markets and Currency Outlook

In-Depth Analysis of Global Markets and Companies – OCBC Research Insights In-Depth Analysis of Global Markets and Companies – OCBC Research Insights Broker Name: OCBC Research Insights Date: 29 October 2024 Global Markets Overview...