Singapore Airlines Group carried 3.5 million passengers in September — up 2.8% year on year — while cargo loads surged 9.4% amid rising shipments of semiconductor and AI hardware. SIA’s passenger load factor fell 0.5 percentage point to 85.7%, and Scoot’s rose 0.7 points to 90.8%. Cargo load factor improved 3.4 points to 59.6%, with cargo and mail reaching 102.2 million kg. The network covered 136 destinations across 35 countries as of Sep 30. Shares closed at $6.49 on Oct 15.
According to www.businesstimes.com.sg, Singapore Airlines (SIA) Group carried 3.5 million passengers in September — a 2.8 per cent year-on-year increase — while cargo loads rose 9.4 per cent year on year, driven by semiconductor and artificial intelligence hardware shipments.
Passenger Performance Across Subsidiaries
SIA’s own passenger traffic grew 3 per cent year on year, with capacity increasing 3.6 per cent, leading to a 0.5 percentage point decline in its passenger load factor to 85.7 per cent. The airline transported 2.3 million passengers during the month. Meanwhile, Scoot recorded a 0.7 percentage point rise in passenger load factor to 90.8 per cent, as its traffic growth of 2.2 per cent outpaced capacity growth of 1.4 per cent. Scoot carried 1.2 million passengers, up 3.8 per cent from a year earlier.
Cargo Demand Surges Amid AI and Chip Shipments
Cargo volumes climbed 9.4 per cent year on year, significantly outpacing the 3.1 per cent growth in cargo capacity. This resulted in a 3.4 percentage points improvement in cargo load factor to 59.6 per cent. Total cargo and mail carried reached 102.2 million kg, an 8.6 per cent increase over the prior year. The surge was attributed to strong demand across most verticals, especially hardware shipments supporting semiconductor and artificial intelligence applications.
Network and Financial Snapshot
As of Sep 30, SIA Group’s passenger network spanned 136 destinations across 35 countries and territories. SIA served 78 destinations, while Scoot served 84. On Oct 15, before the bourse filing release, SIA shares closed $0.05 lower — a 0.8 per cent dip — at $6.49. The group’s overall passenger load factor stood at 86.8 per cent, down 0.3 percentage point year on year, though up from August’s 86.4 per cent, which had declined 1.6 percentage points year on year.
Source: businesstimes.com.sg
Compiled from international media by the SCI.AI editorial team.
