SIA Cargo sees a dip in volumes

Singapore Airlines Cargo (SIA Cargo) experienced a decline in cargo volumes last month (July). The freight carrier shipped 103,200 tonnes of cargo during the month, down by 5.1% compared with the same time last year.

Cargo traffic as measured in tonne-km flown fell by 5.7% year on year to 547.7m.

Meanwhile, capacity rose by 1.1% compared to July 2018 to reach 942.2m available tonne-km. SIA Cargo’s load factor for July fell as a result by 4.2 percentage points to 58.1%.

The load factor was down year on year on all the route regions flown by SIA Cargo, with the sole exception of West Asia and Africa.

At the beginning of this month (August), SIA Cargo revealed that its freight traffic fell over the course of the first quarter of its 2019/20 financial year against a backdrop of weakening global demand.

Cargo and mail carried during April–June amounted to 307,700 tonnes, down 3.3% compared with the same period in 2018. Traffic as measured in freight tonne-km (FTKs) was down 4.4% year on year to 1,645.4m.

Capacity rose very slightly, up 0.1% to 2,805.1m available tonne-km. The load factor declined by 2.7 percentage points over the same quarter of last year as a result, to 58.7%.

Yield dipped by 4.2% year on year, and cargo flown revenue fell by 8.4%.

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