SINGAPORE AIRLINES APRIL 2014 OPERATING RESULTS

In April 2014, Singapore Airlines’ systemwide passenger carriage (measured in revenue passenger kilometres) increased 0.4% on the back of 1.9% capacity injection (measured in available seat kilometres). Consequently, passenger load factor (PLF) fell 1.1 percentage points to 76.7%. The number of passengers carried increased by 0.9% year-on-year to 1.5 million.

PLF declined across all route regions, except for South West Pacific. Passenger carriage increased for most regions, except for Americas and East Asia, but the increase could not keep pace with capacity injection. The operating environment continues to remain challenging. Efforts to stimulate demand to boost loads will continue to place downward pressure on yields.

SilkAir’s systemwide passenger carriage increased 4.1% year-on-year against 4.4% growth in capacity. As a result, the passenger load factor (PLF) remained almost unchanged at 69.3%. The East Asia and Pacific Region recorded a marginal increase in load factor with growth in traffic surpassing the capacity injection. West Asia, on the other hand, experienced a year-on-year decline in passenger carriage.

Overall cargo load factor was 1.1 percentage points lower year-on-year, as cargo traffic (measured in freightton-kilometers) was generally weaker, partly due to the Easter period. Cargo traffic was 6.7% lower against a 4.9% reduction in capacity. Load factors were lower on all route regions, except for West Asia and Africa and Europe regions where capacity changes were more closely matched with demand.