Singapore reduces cargo capacity as traffic declines

SINGAPORE Airlines’ cargo traffic showed a 4.9 per cent decline in year-on-year growth for March, following a similar decline in capacity – however, cargo load factor remained unchanged.

The airline attributed the decline to a reduction in its freighter services to the US, following declines in yields on a number of routes.

The increase in competition and overcapacity in the South West Pacific region saw the airline’s cargo load factor decline from 64.3 per cent to 60 per cent, increasing worries about the profitability on a number of Asia-US and Asia-Europe services.

Share this story

Related Topics

Latest news

WFS and Airbus partner on Beirut aid flight

Ground handler Worldwide Flight Services’ (WFS) team in Toulouse, provided ground and cargo handling services for a humanitarian flight organised…

Read More

Share this story

Meneguette takes VP role at LATAM Cargo Brazil

By Damian Brett

LATAM Airlines Group has appointed Otávio Meneguette as LATAM Cargo Brazil vice president, responsible for leading the company’s air cargo…

Read More

Share this story

Hellmann appoints Thielemann-Hald to automotive top job

By Damian Brett

Hellmann Worldwide Logistics has appointed Monika Thielemann-Hald as global head of automotive logistics. Thielemann-Hald succeeds Martin Wehner, who has now…

Read More

Share this story