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SIA Cargo freight volume dips 5pc in July

SINGAPORE Airlines Cargo (SIA Cargo) handled 103,200 tonnes of cargo in July, down by 5

SIA Cargo freight volume dips 5pc in July

SINGAPORE Airlines Cargo (SIA Cargo) handled 103,200 tonnes of cargo in July, down by 5

22 August 2019 - 19:00

SINGAPORE Airlines Cargo (SIA Cargo) handled 103,200 tonnes of cargo in July, down by 5.1 per cent compared with the same month last year.

Cargo traffic as measured in tonne-km flown fell by 5.7 per cent year on year to 547.7m. Capacity rose by 1.1 per cent compared to July 2018 to reach 942.2m available tonne-km. SIA Cargo's load factor for July fell as a result by 4.2 percentage points to 58.1 per cent.



The load factor was down year on year on all the route regions flown by SIA Cargo, with the sole exception of West Asia and Africa.



At the beginning of August, SIA Cargo revealed that its freight traffic fell over the course of the first quarter of its 2019/20 financial year against a backdrop of weakening global demand.



Cargo and mail carried during April-June amounted to 307,700 tonnes, down 3.3 per cent compared with the same period in 2018. Traffic as measured in freight tonne-km (FTKs) was down 4.4 per cent year on year to 1,645.4m.



Capacity rose very slightly, up 0.1 per cent to 2,805.1m available tonne-km. The load factor declined by 2.7 percentage points over the same quarter of last year as a result, to 58.7 per cent.



Yield dipped by 4.2 per cent year on year, and cargo flown revenue fell by 8.4 per cent, reports London's Air Cargo News.


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