16-Jun-2009 12:20 PM
Singapore Airlines reports dreadful traffic figures for May-2009
Analysis
Singapore Airlines' passenger load factor plunged 7.8 ppts to just 66.9% last month as a 22.8% decline in passenger traffic (RPKs) significantly outstripped a 13.9% decrease in capacity (ASKs). As the global economic downturn becomes protracted and swine flu spreads, Singapore Airlines will have to address its capacity levels again.
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