JUNE 2011 OPERATING RESULTS

LOS ANGELES, July 19, 2011 – The operating results for June 2011 are given in the table below. Please note that with effect from this month, SilkAir’s traffic statistics will also be provided.

In June 2011, Singapore Airlines’ recorded a 0.4% year-on-year decline in systemwide passenger carriage (measured in revenue passenger kilometres) while capacity (measured in available seat kilometres) grew by 4.7%. As a result, passenger load factor (PLF) declined 4.0 percentage points to 78.8%. The number of passengers carried registered a marginal decrease of 0.4% to 1.4 million.

A new thrice-weekly service to Sao Paulo via Barcelona was introduced at the start of the Northern Summer 2011 operating season in late March. Capacity to Hong Kong also grew, with the addition of a seventh daily service, in addition to frequency increases to Guangzhou, Taipei and Male. In view of weak demand to Japan, one of two daily services to Tokyo Haneda was suspended.

PLFs were generally weaker year-on-year, particularly for the East Asia and Americas regions. East Asia PLF was affected by a drop in demand on Japan routes following the March 2011 earthquake. For Americas routes, the increase in capacity outpaced the growth in passenger demand, leading to softer load factors.

SilkAir’s systemwide passenger carriage increased 10.3% year-on-year against a 6.9% increase in capacity. Hence, PLF increased 2.4 percentage points to 79.1%. The number of passengers carried increased 11.9%.

SilkAir’s PLFs for all route regions rose compared to the same month last year. SilkAir’s load factors for East Asia routes increased 0.4 percentage points as growth in passenger carriage matched the increase in seat capacity. Strong regional demand continued to support West Asia routes, contributing to the 7.1 percentage points increase in PLF.

Systemwide cargo capacity increased by 0.5% and cargo traffic (measured in freight tonne kilometres) improved by 0.7%. Consequently, overall load factor in June 2011 improved marginally by 0.1 percentage point. Increased shipments of perishables and foodstuff as well as ad hoc shipments from South West Pacific contributed to the strong growth in the load factor for this region.