Singapore Airlines 2001 Annual Report Download - page 38

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REVENUE (continued)
Passenger revenue grew $715 million (+12.0% ) to $6,672 million. Cargo revenue was $170 million (+8.9% ) higher than the previous
year at $2,079 million. 72.3% of total revenue of the Airline Company came from Passenger revenue, a drop of 0.9 percentage point
from last year’s contribution, while the proportion for cargo revenue was 22.5% , down 0.4 percentage point.
Non-scheduled services and incidental revenue rose $15 million (+3.5% ) mainly because of (i) higher income from lease of aircraft ($6
million), (ii) a surplus on sale of other fixed assets ($2 million) against a loss ($2 million) last year, (iii) higher collections from airwaybills
ancillary charges (+$4 million), and (iv) higher revenue from charters ($3 million). These were partially offset by a reduction in the
amount of revenue from unused tickets (-$7 million).
The sensitivity of the Airline Company’s revenue to a change of 1.0 percentage point in overall load factor, and to a change in overall
yield of 1.0 cent per load tonne-kilometre is as follows:-
$ million
1.0 percentage point change in overall load factor, if yield remains constant 123
1.0 cent per load tonne-kilometre change in overall yield, if load carried remains constant 130
36 SIA annual report 00/01
Financial Review
4.5% 0.3%
72.3%
0.4%
22.5%
2000/01
Company Revenue Composition
1999/00
4.8% 0.4%
71.4%
0.5%
22.9%
2000/ 01 1999/ 00 Change
$M % $M % %
■■■■ Passenger 6,672 72.3 5,957 71.4 + 12.0
■■■■ Cargo 2,079 22.5 1,909 22.9 + 8.9
■■■■ Mail 36 0.4 41 0.5 – 11.4
■■■■ Excess baggage 29 0.3 35 0.4 – 18.5
8,816 95.5 7,942 95.2 + 11.0
■■■■ Non-scheduled services
and incidental 414 4.5 399 4.8 + 3.5
Total revenue 9,230 100.0 8,341 100.0 + 10.7