SIA Cargo sees improving yields

SINGAPORE Airlines (SIA) Cargo’s freight traffic (in load tonne-kilometres) for the first quarter was up 12.1 per cent year-on-year, against capacity growth (in capacity tonne-kilometres) of 4.5 per cent. As a result, cargo load factor rose 4.4 percentage points to 65 per cent.

Cargo yield improved 42.3 per cent compared to the same period last year. With unit cost increasing at a slower pace (10.9 per cent), cargo breakeven load factor fell 17.1 percentage points to 60.5 per cent.

“Leading indicators, as well as sentiment among shippers and forwarders, suggest that the recent resurgence in airfreight may be sustained in the near term,” the company commented.

Share this story

Related Topics

Latest news

Sky Gates Cargo adds new Moscow freighter service

By Damian Brett

Sky Gates Cargo is expanding its freighter network with the addition of services from Moscow Zhukovsky International Airport (ZIA). The…

Read More

Share this story

Seat removal helps boost cargo at Cathay Pacific

By Damian Brett

Cathay Pacific saw its cargo volumes increase in July compared with a month earlier as it began flights using B777…

Read More

Share this story

Air Canada Cargo signs up to combat illegal wildlife trafficking

By Damian Brett

Air Canada Cargo has become the latest airline to sign up to the United for Wildlife (UFW) Buckingham Palace Declaration…

Read More

Share this story