Singapore Airlines 2009 Annual Report Download - page 61

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59
Performance of the Company (continued)
Revenue
The Company’s revenue increased 2.3 per cent to $13,050 million as follows:
2008-09 2007-08 Change
$ million $ million %
Passenger revenue 9,492.8 9,797.9 3.1
Excess baggage revenue 30.5 28.2 + 8.2
Non-scheduled services 8.9 6.4 + 39.1
Bellyhold revenue from Singapore Airlines Cargo 1,347.2 1,206.4 + 11.7
Direct operating revenue 10,879.4 11,038.9 1.4
Indirect operating revenue 2,170.1 1,720.7 + 26.1
Total operating revenue 13,049.5 12,759.6 + 2.3
The Company’s passenger revenue decreased $305 million (-3.1 per cent) in 2008-09, as a result of:
$ million $ million
1.5% decrease in passenger traffi c:
3.4% increase in seat capacity + 334.1
3.8% points decrease in passenger load factor 481.5 147.4
1.9% decrease in passenger yield (excluding fuel surcharge):
Higher local currency yields + 359.8
Change in passenger mix 72.4
Foreign exchange 445.1 157.7
Decrease in passenger revenue 305.1
The sensitivity of passenger revenue to a one percentage point change in passenger load factor and a one
percentage change in passenger yield is as follows:
$ million
1.0% point change in passenger load factor, if yield and seat capacity remain constant 124.1
1.0% change in passenger yield, if passenger traffi c remains constant 94.9