Singapore Airlines 2008 Annual Report Download - page 64
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Passenger Revenue
Singapore Airlines Annual Report 2007-08
62
FINANCIAL REVIEW
Performance of the Company (continued)
Revenue
TheCompany’srevenueincreased12.5percentto$12,760millionasfollows:
2007-08 2006-07 Change
$ million $ million %
Passengerrevenue 9,797.9 8,573.4 + 14.3
Excessbaggagerevenue 28.2 27.6 + 2.2
Non-scheduledservices 6.4 4.5 + 42.2
BellyholdrevenuefromSIACargo 1,206.4 1,157.3 + 4.2
Directoperatingrevenue 11,038.9 9,762.8 + 13.1
Indirectoperatingrevenue 1,720.7 1,581.1 + 8.8
Totaloperatingrevenue 12,759.6 11,343.9 + 12.5
The14.3%increaseinpassengerrevenuewastheresultof:
$ million $ million
2.6%increaseinpassengertrafc:
1.2%increaseinseatcapacity + 103.0
1.1%pointsincreaseinpassengerloadfactor + 120.1 + 223.1
11.5%increaseinpassengeryield(excludingfuelsurcharge):
Higherlocalcurrencyyields + 839.4
Changeinpassengermix + 144.3
Foreignexchange + 17.7 +1,001.4
Increaseinpassengerrevenue +1,224.5
Bellyholdrevenueincreased4.2percentto$1,206millionduetohighernetbellyholdcapacity(+10.2percent)becauseof
increasedpassengeroperationsandrecoveryofhigherfuelcostsfromSIACargo.
Indirectoperatingrevenueincreased8.8percentto$1,721million.Thiswasmainlyduetohigherfuelsurcharge,partially
offsetbylowerotherincidentalrevenue.
Thesensitivityofpassengerrevenuetoaonepercentagepointchangeinpassengerloadfactorandaonepercentagechange
inpassengeryieldisasfollows:
$ million
1.0%pointchangeinpassengerloadfactor,ifyieldandseatcapacityremainconstant 122.0
1.0%changeinpassengeryield,ifpassengertrafcremainsconstant 98.0