Singapore Airlines positive yet cautious about outlook; yields to remain steady; capacity growth

Singapore Airlines, upon the release of its 2QFY2011 financial results, stated it expects yields to remain steady. The carrier added that advance bookings for the coming months indicate that demand is holding up meaning demand would support an increase of 5% in passenger capacity over the next six months. However, forward indicators for airfreight point to a levelling off for the rest of the financial year.