Singapore Airlines Cargo October volumes fall 6.8pc yoy to 107,900 tonnes
SINGAPORE Airlines Cargo's freight volumes in October declined by 6
SINGAPORE Airlines Cargo's freight volumes in October declined by 6.8 per cent year on year to 107,900 tonnes, while traffic decreased by 10.3 per cent against the same month a year earlier to 570.2 million cargo tonne kilometres.
The cargo load factor contracted by 6.2 percentage points to 61.8 per cent on a capacity reduction of 1.4 per cent to 922.2 million tonne kilometres, reported London's Air Cargo News.
The load factor dropped most on southwest Pacific routes, down by 9.4 percentage points.
In the first half of its 2019-20 financial year ending September 30, the airline carried 616,300 tonnes of cargo, representing a decline of 5.2 per cent compared to the corresponding prior year period. The cargo load factor shed 4.1 percentage points to 58.4 per cent.
According to the Singapore Changi airport-based carrier, SIA Cargo 'will continue to pursue charter opportunities and deploy capacity to match demand.'
Its freighter network currently covers 19 cities, including Singapore.