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Singapore Airlines' demand-supply mismatch worsens. Load factors fall again

Analysis

Singapore Airlines' problems with declining load factors worsened last month as passenger demand (RPKs) fell 3.6% while supply (capacity, measured in ASKs) rose by 6.4%. As a result, average passenger load factor slumped by 7.6 ppts to 73.2%. The number of passengers carried decreased 1.9% over the same month last year to 1.38 million.

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