Singapore Airlines pax up 1% with 82% load factor in Jun-2014, operating environment challenging

Singapore Airlines reports (15-Jul-2014) the following traffic highlights for Jun-2014:

• Passenger numbers: 1.6 million, +0.9% year-on-year;
• Passenger load factor: 81.5%, stable;
• • East Asia: 76.9%, +0.3 ppt;
  • Americas: 86.4%, -4.0 ppts;
  • Europe: 85.8%, -0.5 ppt;
  • South West Pacific: 80.2%, +3.4 ppts;
  • West Asia and Africa: 77.8%, +2.3 ppts;
• Capacity (ASKs): -1.3%. [more - original PR]

Singapore Airlines: "The operating environment remains challenging. Capacity will be adjusted accordingly to better match market demand and promotional activities shall continue in markets that require additional support, which will likely place downward pressure on yields," Source: Company statement, 15-Jul-2014.