Singapore Airlines and Scoot continue to further improve performance levels

Thailand is usually called “.Land of Smiles” But after another strong month, the team at Singapore Airlines Group will also be feeling pretty good about the outlook for 2024 and the busy Lunar New Year holiday season.

Textbook collection by Singapore Airlines Group

The group’s two airlines, Singapore Airlines and Scoot, have consistently increased passenger numbers and load factors for most of this year, making steady progress towards a full post-pandemic recovery in early 2024. That progress continued in November, while passenger numbers increased. It may have improved, but the most noticeable thing is the load factor.

Last month, Singapore Airlines Group reported a combined passenger load factor of 87.8%, with Scoot at 90.8% and Singapore Airlines at 86.9%. In November 2019, before the pandemic, the Group was at 84.9%, Scoot at 86.7% and Singapore Airlines at 84.7%, highlighting how disciplined both airlines have been in restoring capacity during this recovery period. It’s highlighted.

Looking at the performance more broadly, the number of passengers in November after the combined group was 3.1 million, 28.6% higher than last year, but below the 3.27 million passengers in 2019. The Group’s capacity is now 95% back to pre-COVID-19 levels, with fewer than 200,000 passengers. Passenger numbers can be made up, but most of this lingering deficit will be blown away during the upcoming holiday season.

The reason load factors are so high is because airlines increased revenue passenger kilometers (RPK) by 17.6% in November, while limiting available seat kilometers (ASK) growth to just 15.1%. . Singapore Airlines alone carried 2.06 million passengers, an increase of 27.3% year-on-year compared to his 1.62 million in 2022. In addition, the load factor increased from 86.1% last year to 86.9% in 2023.

regional perspective

In terms of regional load factors, Singapore Airlines has the best performance in the Southwest Pacific region at 93.2%. This is also a significant achievement considering that Singapore Airlines operates around 140 flights a week between Singapore and Australia.

Photo: Global Guy | Shutterstock.

This is a huge amount to fill the seats on an A350, 777, and A380, so a load factor of over 93% shows how well the full-service airline is performing. Other regions and their load factors are East Asia (87.0%), the Americas (86.8%), West Asia and Africa (85.3%), and Europe (82.0%).

Low-cost subsidiary Scoot is making a strong comeback, carrying 1.04 million passengers in November, an increase of 31.1% compared to 2022, and more specifically a 10% increase compared to November 2019. The number of people increased by nearly 100,000. Scoot also increased its load factor by four times. By diligently managing capacity to meet demand, we increased 6 percentage points compared to 2019 and 6 percentage points year over year.

Photo: Scoot

Scoot divides its network into three regions: East Asia, West Asia, and the rest of the world. East Asia saw the biggest year-over-year improvement, with load factors reaching 89.3% last month and 78.0% in November 2022, as China fully resumed inbound and outbound travel.

West Asia saw a modest increase from 86.4% to 89.1%, while the rest of the world, including Australia, actually fell slightly from 96.4% in November 2022 to 96.3% last month, but still This is significantly higher than the recorded 90.5%. November 2019.

In November, Singapore Airlines resumed operations to Chongqing, China, bringing the group’s passenger network to 119 destinations in 35 countries and territories. At the end of the month, Singapore Airlines served 74 destinations, Scoot served 68 destinations, and its cargo network consisted of 124 destinations in 37 countries and territories.