Singapore Airlines saw its April cargo traffic (in freight tonne kilometres) contract 54.1 per cent, over April 2019 as the sharp drop in cargo capacity, down 64.7 per cent produced a 17.5 per cent gain in cargo load factor.
The carrier notes that the capacity contraction would have been much greater, save for the deployment of passenger aircraft on cargo-only flights.
Overall the Singapore Airlines group carriers reported 245.3 million FTKs on a capacity of 324.5 million tonne kilometres for a cargo load factor of 75.6 per cent. All regions registered improvements in CLF.
Cargo weight carried, dropped significantly, down 60.6 per cent to 39,400 tonnes reflecting, in part, the surging demand for volumetric cargo like personal protection equipment (PPE).
April saw the SIA Group’s airlines record a full 99.6 per cent year-on-year decline in passenger carriage (measured in revenue passenger-kilometres) as travel demand was severely impacted by the Covid-19 pandemic. With border controls and travel restrictions remaining in place around the world, there is no sign of any potential recovery.
Overall passenger capacity (measured in available seat kilometres) was cut by 96.3 per cent in response. Passenger load factor fell to 9.1 per cent.
SIA’s capacity was 95.5 per cent lower compared to last year’s, with only a skeletal network in operation connecting Singapore to 14 metro cities.