SIA

SIA: Operating results out for June 2012. Carriage grew 11.9% yoy against a 6.3% increase in capacity. Consequently, passenger load factor improved 4.2% points to 83.0%. The no of passengers carried increased by 9.8% to 1.5m. June saw the start of the summer travel peak season and PLF strengthened across all regions. Passenger carriage growth outstripped capacity growth in all regions as demand was boosted by promotional activities although yield are likely to come under pressure as a result. Cargo traffic was 0.5% lower yoy while capacity increased by 0.9%. Cargo load factor fell by 0.9% pts.