Singapore Airlines 2002 Annual Report Download - page 36

Download and view the complete annual report

Please find page 36 of the 2002 Singapore Airlines annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 116

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116

Financial Review
SIA Annual Report 01/02
36
Passenger Yield
Cents / Passenger-km
Cents / Passenger-km
1997/98 1998/99 1999/00 2000/01 2001/02
10.0
9.5
9.0
8.5
8.0
10.0
9.5
9.0
8.5
8.0
Passenger Yield, Unit Cost and Breakeven Load Factor
2001 - 02 2000 - 01 Change
Yield (¢/pkm)-gross 9.0 9.4 –4.3 %
Unit cost (¢/ask) 7.3 7.5 R1 –2.7 %
Breakeven load factor (%) R2 71.1 70.2 R1 + 0.9 point
R1 Restated as if Singapore Airlines Cargo corporatization took place in the previous year to allow meaningful year-on-year comparisons.
R2 With bellyhold revenue included in the computation.
Passenger yield at 9.0¢/pkm was 4.3% lower (–0.4¢/pkm). A change in fare mix, lower local currency yields and a stronger SGD caused
the decline.
Unit cost was 7.3¢/ask, 2.7% less than last year.
Breakeven load factor was 71.1%, 0.9% point higher.
The spread between passenger load factor and breakeven load factor narrowed to 2.9% points in 2001-02 from 6.6% points the year before.