Singapore Airlines 2012 Annual Report Download - page 75

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073ANNUAL REPORT 2011/2012
Financial Review
Performance of the Company (continued)
Revenue
The Company’s revenue increased 2.8 per cent to $12,070 million as follows:
฀ ฀ ฀ ฀ 2011-12฀ 2010-11฀ Change
฀ ฀ ฀ ฀ $฀million฀ $฀million฀ $฀million฀ %
Passenger revenue 8,392.0 8,683.4 - 291.4 - 3.4
Bellyhold revenue from SIA Cargo 1,170.0 1,127.2 + 42.8 + 3.8
Others 2,508.1 1,928.5 + 579.6 + 30.1
Total operating revenue 12,070.1 11,739.1 + 331.0 + 2.8
The Company’s passenger revenue decreased $291 million (-3.4 per cent) in 2011-12, as a result of:
$ million $ million
3.6% increase in passenger traffic: + 309.5
5.9% decrease in passenger yield (excluding fuel surcharge):
Lower local currency yields - 554.2
Foreign exchange - 109.3
Change in passenger mix + 62.6 - 600.9
Decrease in passenger revenue - 291.4
The sensitivity of passenger revenue to one percentage point change in passenger load factor and a one percentage change
in passenger yield is as follows:
$ million
1.0% point change in passenger load factor, if yield and seat capacity remain constant 108.4
1.0% change in passenger yield, if passenger traffic remains constant 83.9
A breakdown of passenger revenue by route region and area of original sale is shown below:
By Route Region ($ million) By Area of Original Sale R6 ($ million)
฀ ฀ ฀ ฀ 2011-12฀ 2010-11฀ %฀ Change฀฀ 2011-12฀ 2010-11฀ %฀ Change
East Asia 2,482.6 2,541.6 - 2.3 4,381.6 4,417.7 - 0.8
Americas 1,677.3 1,638.8 + 2.3 728.5 744.8 - 2.2
Europe 1,885.9 1,996.3 - 5.5 1,367.8 1,504.7 - 9.1
South West Pacific 1,517.0 1,553.7 - 2.4 1,495.0 1,512.3 - 1.1
West Asia and Africa 829.2 953.0 - 13.0 419.1 503.9 - 16.8
Systemwide 8,392.0 8,683.4 - 3.4 8,392.0 8,683.4 - 3.4
R6 Each area of original sale comprises countries within a region from which the sale is made.