Singapore Airlines 2005 Annual Report Download - page 49

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Financial Review
SIA Annual Report 04/05 47
CC
฀MOD: CN1323
M Y
C K
While every effort has been taken to carry out instruction to customers satisfaction
NO RESPONSIBILITY liablilty will be accepted for errors
CUSTOMERS ARE THEREFOREURGED TO CHECK THOROUGHLY BEFORE
AUTHORISING PRINTRUNS
DALIM
1 2 3 4 5 6 7 8 9 10 OK TS
CC196777 DLMAC13 10.06.2005 150#
1
Performance of the Company
Operating Performance
2004-05 2003-04 % Change
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Passengers carried (thousand) 15,944 13,278 + 20.1
Available seat-km (million) 104,662.3 88,252.7 + 18.6
Revenue passenger-km (million) 77,593.7 64,685.2 + 20.0
Passenger load factor (%) 74.1 73.3 + 0.8 point
Passenger yield (cents/pkm) 10.1 9.2 + 9.8
Passenger unit cost (cents/ask) 7.0 6.7 + 4.5
Passenger breakeven load factor (%) 69.3 72.8 – 3.5 points
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
The improvement in passenger yield was due to higher local currency yield, improved passenger mix, imposition of fuel
surcharge from June 2004 and a weaker Singapore dollar (SGD).
The spread between passenger load factor and breakeven load factor widened to 4.8 percentage points in 2004-05 from
0.5 percentage point the year before.
A review of the Company’s operating performance by route region is as follows:
By Route Region R1 (2004-05 against 2003-04)
Passengers carried Passenger KM Available Seat KM
Change (thousand) % Change % Change
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
East Asia + 2,056 + 32.1 + 29.3
Americas – 344 + 19.2 + 14.2
Europe + 410 + 15.2 + 12.2
South West Pacific + 309 + 14.2 + 15.7
West Asia and Africa + 235 + 19.3 + 24.0
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Systemwide + 2,666 + 20.0 + 18.6
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
R1 Each route region comprises routes originating from Singapore to final destinations in countries within the region concerned and vice versa. For example,
Singapore-Hong Kong-San Francisco-Hong Kong-Singapore route is classified under Americas region. East Asia covers Brunei, Hong Kong SAR, Indonesia,
Japan, South Korea, Malaysia, People’s Republic of China, Philippines, Thailand, Taiwan and Vietnam. Americas comprises Canada and USA. Europe covers
Denmark, England, France, Germany, Greece, Italy, Spain (ceased operation from 31 October 2004), Switzerland and The Netherlands. South West Pacific
covers Australia and New Zealand. West Asia and Africa are made up of Bangladesh, India, Maldives, Saudi Arabia, South Africa, Sri Lanka, Turkey, United
Arab Emirates, Egypt and Mauritius (ceased operation from 13 April 2003).
80
60
40
20
0
Available Seat Capacity,
Passenger Traffic and Load Factor
Per Cent
Million
2000-01 2001-02 2002-03 2003-04 2004-05
Passenger Load Factor (%)
Available Seat-km
Revenue Passenger-km
120,000
90,000
60,000
30,000
0