The group’s passenger carriage growth for the month was supported by Lunar New Year holiday season, while cargo loads rose slower.

Singapore Airlines (SIA) group reports a 8.6% y-o-y increase in its January 2025 group passenger traffic, supported by the Lunar New Year holiday season. 

The group posted a higher passenger factor load (PLF) of 87.8%, up 2.5 percentage points (ppts) y-o-y, with SIA’s monthly PLF at 87.2% and Scoot’s at 90.3% respectively. 

As a result, the combined passenger carriage was 9.1% y-o-y higher for the month at 3.5 million. 

SIA group’s cargo loads rose 2.6% y-o-y, a rise that tracks lower than the 9.5% expansion in cargo capacity. 

The group says that inventory stocking was less pronounced ahead of the holiday period leading to subdued cargo demand. As such, cargo load factor was 3.4 ppts lower at 51.1%. 

During the month, Scoot launched passenger services to Padang in Indonesia and Shantou in China.

As at end Jan, SIA group’s passenger network covered 131 destinations in 36 countries and territories. SIA served 80 destinations, while Scoot served 74 destinations. The cargo network comprised 135 destinations in 37 countries and territories. 

Shares in SIA closed 4 cents higher or 0.627% up at $6.42 on Feb 17.