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48
Singapore Airlines Annual Report 05/06
Performance of the Company
Operating Performance
2005-06 2004-05 % Change
Passengers carried (thousand) 16,995 15,944 + 6.6
Available seat-km (million) 109,483.7 104,662.3 + 4.6
Revenue passenger-km (million) 82,741.7 77,593.7 + 6.6
Passenger load factor (%) 75.6 74.1 + 1.5 points
Passenger yield (¢/pkm) 10.6 10.1 + 5.0
Passenger unit cost (¢/ask) 7.5 7.0 + 7.1
Passenger breakeven load factor (%) 70.8 69.3 + 1.5 points
The improvement in passenger yield was due to higher fuel surcharge and improved passenger mix, offset by lower local currency
yields and a stronger Singapore dollar (SGD).
The spread between passenger load factor and breakeven load factor remained at 4.8 percentage points.
A review of the Company’s operating performance by route region is as follows:
By Route Region R1 (2005-06 against 2004-05)
Revenue
Passengers Carried Passenger KM Available Seat KM
Change (thousand) % Change % Change
East Asia + 524 + 8.5 + 3.7
Americas + 34 + 3.9 – 0.5
Europe + 54 + 3.6 + 2.9
South West Pacific + 250 + 9.3 + 11.2
West Asia and Africa + 189 + 10.4 + 9.2
Systemwide + 1,051 + 6.6 + 4.6
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 consists of Denmark,
England, France, Germany, Greece, Italy, Russia, Spain (ceased operation from 30 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, Pakistan, Saudi Arabia, South Africa, Sri Lanka, Turkey, United Arab
Emirates and Egypt.
FINANCIAL REVIEW
80
60
40
20
0
Available Seat Capacity,
Passenger Traffic and Load Factor
Per cent
Million
2001-02 2002-03 2003-04 2004-05 2005-06
Passenger Load Factor (%)
Available Seat-km
Revenue Passenger-km
120,000
90,000
60,000
30,000
0