SIA Cargo notes reliance on cargo-only PAX flights for performance in May

By Rachelle Harry

Singapore-based SIA Cargo has reported in its results for May 2020 that cargo load factor (CLF) was 14.4 percentage points higher than last year, due to the capacity decline (61.9%) outpacing the decline (of 52.8%) in cargo traffic measured in freight tonne km.

“Capacity contraction would have been much greater, save for the deployment of passenger aircraft on cargo-only flights,” the carrier explained in a statement.

All regions reported increases in load factor: East Asia by 24.7 percentage points; Americas by 14.5 percentage points; Europe by 5.6 percentage points; Asia Pacific by 11.6 percentage points; West Asia and Africa by 19.9 percentage points.

In May 2020, the SIA Group’s airlines (comprising Singapore Airlines, SilkAir and low-budget carrier Scoot) recorded a 99.6% year-on-year decline in passenger demand as a result of the Covid-19 pandemic. Overall, in response to the virus outbreak, the group cut passenger capacity (measured in available seat kms) by 96.2%.

Share this story

Related Topics

Latest airlines news

VIDEO: Schiphol’s van Hemert on challenging market conditions

By Damian Brett

The Air Cargo News video team caught up with Anne Marie van Hemert, head of aviation business development, Schiphol Airport,…

Read More

Share this story

Emirates SkyCargo and United Cargo sign cargo interline and block space MoU

By Rebecca Jeffrey

Emirates SkyCargo and United Cargo have signed a Memorandum of Understanding (MoU) to work closely on issues including expanding cargo…

Read More

Share this story

Air Canada Cargo launches B767 freighters from St. John’s to Europe

Air Canada Cargo is launching a five times a week B767 freighter service from St. John’s (YYT) to Frankfurt and Madrid. Effective…

Read More

Share this story