“The competitive landscape remains challenging (for Singapore Airlines) and promotional activities will continue in relevant markets,” SIA said in a filng to the Singapore Stock Exchange.
Singapore Airlines' passenger load factor fell 1.9 percentage points to 76.9%in November 2016 compared to the same time last year. Passenger carriage fell 1.4% year-on-year, while capacity grew 1.0% year-on-year.
“The competitive landscape remains challenging (for Singapore Airlines) and promotional activities will continue in relevant markets,” SIA said in a filing to the Singapore Stock Exchange.
Elsewhere in the SIA Group, SilkAir’s passenger load factor fell 0.7 percentage points to 70.6%. Passenger carriage increased by 9.3% year-on-year, while capacity increased by 10.4% year-on-year.
SilkAir introduced new services to Fuzhou, China in November, SIA said.
Scoot’s systemwide passenger carriage grew by 39.2% year-on-year as capacity increased by 47.1% on the back of the number of aircraft increasing from nine to twelve.
Consequently, passenger load factor decreased by 4.5 percentage points to 79.1%.
Tigerair’s systemwide passenger carriage increased by 0.8% year-on-year, on the back of a 0.2% reduction in capacity. As a result, passenger load factor improved by 0.8 percentage points to 83.9%.
“Growth in demand for many destinations (for Tigerair) was encouraging,” SIA said.
Budget Aviation Holdings (BAH), which owns and manages Tigerair and Scoot, recently announced its intention to operate both companies under a common “Scoot” brand and a common operating licence by the second half of 2017.
Both Scoot and Tigerair are part of Value Alliance, the pan-regional low-cost carrier alliance.