Singapore Airlines 2007 Annual Report Download - page 56

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Singapore Airlines 54 Annual Report 2006-07
FINANCIAL REVIEW
Performance of the Company
Operating Performance
2006-07 2005-06 % Change
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Passengers carried (thousand) 18,346 16,995 + 7.9
Available seat-km (million) 112,543.8 109,483.7 + 2.8
Revenue passenger-km (million) 89,148.8 82,741.7 + 7.7
Passenger load factor (%) 79.2 75.6 + 3.6 points
Passenger yield (¢/pkm) 10.9 10.6 + 2.8
Passenger unit cost (¢/ask) 7.9 7.5 + 5.3
Passenger breakeven load factor (%) 72.5 70.8 + 1.7 points
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
The improvement in passenger yield was due to higher fuel surcharge, improved passenger mix and higher local currency
yields, partially offset by a stronger Singapore dollar (SGD).
The spread between passenger load factor and breakeven load factor improved 1.9 percentage points to 6.7 percentage
points in 2006-07.
A review of the Company’s operating performance by route region is as follows:
By Route Region R1 (2006-07 against 2005-06)
Revenue
Passengers Carried Passenger KM Available Seat KM
Change (thousand) % Change % Change
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
East Asia + 646 + 8.4 + 3.1
Americas + 7 + 2.0 + 0.1
Europe + 187 + 10.7 + 4.4
South West Pacifi c + 227 + 7.9 + 0.3
West Asia and Africa + 284 + 12.0 + 8.9
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Systemwide + 1,351 + 7.7 + 2.8
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
R1 Each route region comprises routes originating from Singapore to fi nal destinations in countries within the region concerned and vice versa. For example, Singapore-
Hong Kong-San Francisco-Hong Kong-Singapore route is classifi ed 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, Switzerland and The Netherlands. South West Pacifi c 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.