At the onset of the pandemic in 2020, the group said it acted swiftly and decisively to shore up liquidity and build its financial resilience. This strong liquidity position and the confidence it engendered, enabled the group to take a long-term view and make several strategic decisions ahead of the recovery in global air travel. Group passenger capacity reached 79% of pre-pandemic levels in March 2023, higher than the 58% level for international scheduled services of Asia-Pacific airlines. SIA and Scoot collectively carried 26.5 million passengers, up six-times from a year before. The passenger load factor (PLF) jumped 55.3 percentage points to 85.4%, the highest in the Group's history. SIA achieved a record PLF of 85.8%, while Scoot delivered a PLF of 83.9%.
The cargo segment's performance moderated year-on-year as the demand for air freight declined and as supply chain disruptions brought about by the pandemic subsided. Macroeconomic headwinds dampened consumer demand, while high inventory levels led to a slowdown in new orders. Cargo yields fell year-on-year as industry belly hold capacity increased with the progressive restoration of passenger flights. Nevertheless, cargo revenue remained 83% above the pre-pandemic level recorded in calendar year 2019.
Group revenue increased by $10,160 million (+133.4%) year-on-year to a record $17,775 million. Passenger flown revenue rose $10,560 million (+376.3%) to $13,366 million as traffic grew 449.9%, outpacing the capacity expansion of 94.0%. Revenue per available seatkilometre (RASK) was 10 cents, the highest yearly RASK in the group's history. Cargo flown revenue fell $735 million (-16.9%) to $3,604 million as a result of lower cargo loads (-11.4%) and yields (-6.2%). Notwithstanding, this was the second-highest annual cargo revenue figure in the group's history.
This story is from the June 2023 edition of African Pilot.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the June 2023 edition of African Pilot.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
An aviation photographer's experience at the Presidential inauguration
Witnessing the helicopter formation for the Presidential Inauguration in Pretoria on 18 June 2024 was an incredibly unique and exhilarating experience, an opportunity that does not come around very often.
Jabiru South Africa
Ask the aviation industry about Jabiru aircraft and you will find that they have an excellent reputation.
EAA Chapter 322 Young Eagles 2024
The Experimental Aviation association (EAA) has a long history of engendering the passion for flying amongst its members as well as the youth of the world. EAA is a worldwide organisation with its most well-known event being the annual gathering in Oshkosh for a week of aviation as the largest aviation event in the world at the end of July each year.
Bat Hawk Aircraft
Based in Nelspruit, Mpumalanga, Micro Aviation SA (SACAA M-628) is the manufacturer of the most affordable Rotax 912 ULS powered light sport aircraft in the world.
FK 9 Mk vi - RAPTOR
The FK9 Mk VI has just landed in South Africa.
Sun City plans for sustainable solar energy
Sun City is going to great heights in its bid to one day take the resort completely off the grid. With all available space on the roof of Sun Central now covered by solar panels, the resort lifted its sights to the roof at The Palace and the Sun City hotel.
Belgium chposes Airbus H145M for Armed Forces and Federal Police
The Kingdom of Belgium will procure 15 multi-role H145M helicopters for the army and two helicopters plus three options for the Federal Police. The contract was signed between the NATO Support and Procurement Agency (NSPA), on behalf of Belgium and Airbus Helicopters.
Maputo airshow 2024 What a treat!
On Sunday 16 June Christine and I returned from attending the Maputo airshow and what a fantastic experience this was not only for estimated 15 000 spectators, but also the members of the media present. As always Brian Emmenis and his team were on top form with a great selection of music. The grand finale with the Puma Energy Flying Lions T6 Harvards was simply beautiful and I saw several spectators with tears in their eyes as they expressed their happiness for the airshow.
Single-pilot operations and lemon juice
Psychology researchers have found that some of the dumbest criminals and the cockiest pilots may have something in common: a hazardous cognitive bias, the Dunning–Kruger effect that hinders self-perception, clouds judgment and leads individuals to overestimate their ability. However, new psychological discoveries may provide a cure.
ExecuJet MRO Services! South Africa Set to Achieve New Record for Airframe Heavy Checks
JOHANNESBURG - ExecuJet MRO Services South Africa, a wholly-owned subsidiary of Dassault Aviation, is poised to set a new record this year for airframe heavy maintenance checks. The company's previous annual record was seven, but this year it will complete at least 11 thanks to additional work on Dassault Falcon aircraft.
