Singapore Airlines Cargo has tough October

Singapore Airlines Cargo saw its freight volumes and traffic fall in October, alongside a decline in the cargo load factor.

Freight carried fell year on year by 6.8% in October to 107,900 tonnes. Meanwhile, traffic was down by 10.3% year on year to 570.2m cargo tonne-km.

With capacity down by just 1.4%, to 922.2m tonne-km, the cargo load factor fell by 6.2 percentage points to 61.8%.

The load factor fell most dramatically on South-west Pacific traffic, down by 9.4 percentage points. No market saw a year on year improvement in the cargo load factor in October.

October’s performance continues a period of tough market conditions for the freight carrier.

Earlier this month (November), Singapore Airlines revealed that it had carried 616,300 tonnes of cargo in the first half of its 2019-20 financial year (the six months ending 30 September), down by 5.2% over the same period of 2018-19.

The cargo load factor fell by 4.1 percentage points to 58.4% over the period on a year by year comparison.

According to the Changi-based carrier, SIA Cargo “will continue to pursue charter opportunities and deploy capacity to match demand”.

Its freighter network currently takes in 19 cities (including Singapore).

Share this story
Facebook
Twitter
LinkedIn

Related topics

Latest freighter operator news

SF Airlines set for US market expansion

By Damian Brett

China-based express carrier SF Airlines is set to add services to the US after gaining approval for flights from the…

Read More

ABX Air pilots cast vote of no confidence

By Damian Brett

ABX Air pilots have cast a vote of no confidence in the airline’s management as negotiations over a new contract…

Read More

Kurt Schosinsky brings the customers’ perspective to Avianca Cargo

By Damian Brett

It is 25 years since Avianca Cargo general director Kurt Schosinsky first sold space on an aircraft, when he worked…

Read More