Singapore Airlines: AUGUST 2012 OPERATING RESULTS

LOS ANGELES, September 17, 2012 – The operating results for August 2012 are given in the table below.

In August 2012, Singapore Airlines’ systemwide passenger carriage (measured in revenue passenger kilometres) grew 8.7% year-on-year against a 6.4% increase in capacity (measured in available seat kilometres). As a result, passenger load factor (PLF) improved by 1.7 percentage points to 78.3%. The number of passengers carried increased by 6.5% to 1.5 million.

Load factors improved across most regions on the back of strong summer demand and earlier Lebaran holiday travel. PLF for East Asia and South West Pacific route regions declined as growth in demand was outstripped by the increases in capacity. Promotional activities are expected to continue to place downward pressure on passenger yields.

SilkAir’s systemwide passenger carriage increased 27.5% year-on-year against 21.9% growth in capacity. Consequently, PLF was 3.3 percentage points higher at 73.5%. PLF for West Asia routes registered a year-on-year increase of 10.9 percentage points, due to increased demand over the Onam Festival period which fell in August this year compared to September last year.

Overall cargo traffic (measured in freight-ton-kilometres) was 4.3% lower year-on-year, while cargo capacity decreased by 1.6%. Consequently, cargo load factor (CLF) in August 2012 fell by 1.7 percentage points. CLF decreased for all regions, except for Europe and West Asia & Africa. Year-on-year, East Asia cargo traffic was flat and could not keep pace with the increase in capacity arising from the cargo capacity on passenger flights.