SIA's May traffic down 23%

Singapore
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Singapore Airlines (SIA) last month posted a fall in passenger traffic of 23%.

The Star Alliance carrier says in a statement that in May RPKs fell 23% and in real terms the number of passengers fell 24% to 1.2 million from 1.6 million.

SIA cut capacity by 14% but it was insufficient to combat the fall in traffic so the passenger load factor fell 7.8 percentage points to 66.9% from 74.7%.

The carrier's freight tonne kilomet4res fell 21% but it cut freight capacity by 21% so the cargo load factor actually rose 0.5 percentage points to 61.2% from 60.7%.

"Traffic demand continues to be impacted by the global economic slowdown," says SIA.

"As a result, all route regions registered lower passenger load factors compared to last year."

"Uncertainty over the spread of H1N1 will also impinge on demand," it adds.