Results: NZ Exports Help Raise Cargo Demands

Singapore Airlines July 2006 Operating Results: Record Passenger Load, 1.5m in July
Strong New Zealand Exports Help Give Rise to High Cargo Demand

In July 2006, Singapore Airlines attained a 5.5% year-on-year growth in systemwide passenger carriage (in revenue passenger kilometres), outpacing the increase in capacity (measured in available seat kilometres) of 2.3%. Therefore systemwide passenger load factor improved by 2.5 percentage points to 81.2%. The number of passengers carried rose by 4.9% over the same month last year to a record high of over 1.5 million.

The year-on-year increase in capacity arose from the injection of additional flights on existing routes to Bangalore, Taipei, Penang, Adelaide, Guangzhou and Hong Kong. In addition, Singapore Airlines introduced new services to Hyderabad, Karachi, Lahore and Moscow during Northern Winter 2005. From 19 July 2006, Singapore Airlines introduced a three-times weekly service to Milan and Barcelona.

While passenger load factors for most route regions improved over the same month last year, West Asia and Africa region registered a slight decline mainly due to capacity increases not yet being fully absorbed by the market. Load factor for East Asia region grew by 4.1 percentage points as a result of increased demand on the North Asian flights, particularly to Japan and China.

Overall cargo capacity remained relatively unchanged while cargo traffic (measured in freight tonne-km) decreased by 1.2%. Therefore, cargo load factor registered a slight decline by 0.9 percentage point. This is mainly attributable to the soft demand in East Asia region and out of Americas and Europe. However, cargo demand from South West Pacific is particularly high due to stronger exports out of Australia and New Zealand.

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Singapore Airlines operating results for July 2006

Jul 2006 Jul 2005 Change
SIA (PASSENGER)
Capacity (M seat-km) 9,564.3 9,349.7 2.3 %
Passenger-km (M) 7,762.0 7,359.0 5.5 %
Passengers carried (’000) 1,569 1,495 4.9 %
Passenger load factor (%) 81.2 78.7 2.5 pts
Load Factor by Region (%)
East Asia 73.6 69.5 4.1 pts
Americas 90.3 88.1 2.2 pts
Europe 86.3 82.5 3.8 pts
South West Pacific 81.6 79.3 2.3 pts
West Asia and Africa 71.3 73.7 -2.4 pts

SIA CARGO
Capacity (M tonne-km) 1,040.8 1,038.5 0.2 %
Freight tonne-km (M) 646.3 654.0 -1.2 %
Freight carried (M kg) 103.9 103.6 0.3 %
Cargo load factor (%) 62.1 63.0 -0.9 pt
Load Factor by Region (%)
East Asia 56.5 58.1 -1.6 pts
Americas 61.3 64.4 -3.1 pts
Europe 68.2 69.5 -1.3 pts
South West Pacific 59.7 53.2 6.5 pts
West Asia and Africa 63.2 61.5 1.7 pts

OVERALL (Passenger & Cargo)
Capacity (M tonne-km) 1,985.8 1,962.3 1.2 %
Load carried (M tonne-km) 1,382.0 1,355.9 1.9 %
Overall load factor (%) 69.6 69.1 0.5 pt

ENDS

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