Singapore Airlines December Operating Results

LOS ANGELES, January 18, 2011 – In December 2010, Singapore Airlines’ capacity (measured in available seat kilometers) grew 4.9% year-on-year against a 0.4% increase in system wide passenger carriage (measured in revenue passenger kilometers). As a result, passenger load factor (PLF) declined by 3.6 percentage points to 80.7%. The number of passengers carried decreased 1.0% over the same month the previous year to 1.5 million.

The increase in capacity was the result of additional frequencies to several destinations including Manchester (via Munich), Houston (via Moscow), Osaka and Seoul. A new double-daily service to Tokyo-Haneda was launched on October 31, 2010, complementing the existing twice-daily services to Tokyo-Narita. In addition, the all-Business Class service to Los Angeles returned to daily operations from early October 2010.

All regions registered declines in PLFs over the same month in 2009, which can be attributed to the smaller volume of lower-fare promotional traffic compared to the same period the previous year. Traffic during this traditional peak travel period was also affected by weather-related disruptions, which hit the Europe and Americas region.

Overall cargo traffic (measured in freight ton kilometers) improved by 5.1% while cargo capacity increased by 4.9%. This led to a marginal improvement in cargo load factor (CLF) of 0.1 percentage point. CLFs improved for all route regions except East Asia and Europe. East Asia registered a 3.0 percentage point reduction in CLF as cargo traffic did not keep pace with capacity increases while Europe’s CLF declined 1.8 percentage points due to the ongoing economic challenges.