SIA: Release of operating results for Feb. Capacity increased 5.4%yoy but had a decline in carriage by 1.0%yoy. As a result, passenger load declined to 75.1% a fall of 4.8% points from prev yr, the lowest load since May 10. No of passengers increased to 1.27m up 0.6% over Feb 10...
All regions except East Asia faced declines in load due to decrease in lower promotional fares. Cargo capacity increased by 10.1%yoy and traffic improved by 3.6%. Cargo load fell as traffic did not match capacity increases. Declines in cargo load from all regions particularly in East Asia due to seasonal slow airfreight activities during Lunar New Year. In other news, co will refund tickets to destinations in Japan on or before 11 Mar.
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