Singapore Airlines pax up 12%, load factor up 4ppts in Aug-2013; market remains challenging
Singapore Airlines passenger numbers up 12% - traffic highlights for Aug-2013:
- Passenger numbers: 1.7 million, +11.7% year-on-year;
- Passenger load factor: 82.4%, +4.1ppts;
Singapore Airlines: "Load factors improved across all regions, bolstered by strong leisure travel demand during the Lebaran/Hari Raya holidays, coupled with returning summer traffic. Traffic to West Asia & Africa also saw improvements with the shift in the Lebaran/Hari Raya period. The operating environment remains challenging, however, and ongoing efforts to stimulate demand to boost loads will continue to place downward pressure on yields." Source: Company statement, 16-Sep-2013.