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Monday, September 26, 2022

SIA expects passenger capacity to grow as demand picks up

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By the third quarter of the financial year 2021/2022, Singapore Airlines Group (SIA) estimates passenger capacity to have recovered to 37% of pre-pandemic levels. The upbeat prognosis comes after the airline saw a spike in travel demand in September 2021.

According to data from September 2021, the Group’s passenger capacity remained about 32% of pre-COVID levels, but the load factor had climbed to 18.5 percent. In addition, passenger traffic has climbed by 4.4 percent.

The Singaporean government responded to the increase in travel demand by introducing the Vaccinated Travel Lane (VTL) scheme, which allows fully vaccinated travelers from selected countries to travel without limitations.

“On a month-over-month basis, the load factor rose by 1 percentage point, lead by Europe, which showed strong pick-up on Frankfurt and Munich VTL services,” SIA said in a statement.

Singapore launched its first Vaccinated Travel Lane (VTL) agreements with Brunei and Germany on September 8, 2021.

Singapore stated in October 2021 that its VTL system would be expanded to cover nine more nations (Canada, Denmark, France, Italy, the Netherlands, South Korea, Spain, the United Kingdom, and the United States).

In addition, starting in early November 2021, SIA will offer trans-Pacific and trans-Atlantic services, as well as resume the Frankfurt-New York and Hong Kong-San Francisco routes.

Beginning November 18, 2021, Singapore Airlines (SIA1) (SINGY) will resume the Airbus A380 service to London, United Kingdom.

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