Singapore Airlines Group inches closer to pre-pandemic levels

The Singapore Airlines Group, Singapore Airlines (SIA) and its low-cost-carrier Scoot, reported strong passenger recovery in December 2022, with figures inching closer to pre-pandemic levels. The group carried 2.689 million passengers in December at a passenger load factor (PLF) of 89.7%, more than four times as many passengers as it carried in December 2021. However, in December 2019, the group carried 3.543 million passengers at a PLF of 87.6%, meaning that passenger numbers last month have only recovered to 76% of pre-COVID levels. Cargo operations registered a load factor of 54.3% or 24.5%-points lower year-on-year. Loads (freight tonne-kilometres) declined by 18.9% year-on-year