SIA Cargo puts reliance on cargo-only passenger flights
SINGAPORE's SIA Cargo has reported that May cargo load factor was 14
SINGAPORE's SIA Cargo has reported that May cargo load factor was 14.4 percentage points higher than last year, due to the capacity decline (61.9 per cent) outpacing the decline (52.8 per cent) in cargo traffic measured in freight tonne kilometres.
'Capacity contraction would have been much greater, save for the deployment of passenger aircraft on cargo-only flights,' said an SIA Cargo statement.
East Asia volumes increased 24.7 percentage points; Americas by 14.5 percentage points; Europe by 5.6 percentage points; Asia Pacific by 11.6 percentage points; West Asia and Africa by 19.9 percentage points.
The SIA Group, which includes Singapore Airlines, SilkAir and budget carrier Scoot, posted a 99.6 per cent year-on-year decline in passenger demand as a result of the Covid-19 pandemic. Overall, in response to the virus outbreak, the group cut passenger capacity measured in available seat kilometres by 96.2 per cent.