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081
ANNUAL REPORT FY2013/14
Performance of the Company (continued)
Revenue
The Company’s revenue increased 0.7 per cent to $12,480 million as follows:
2013/14 2012/13 Change
฀ ฀ ฀ ฀ $฀million฀ $฀million฀ $฀million฀ %
Passenger revenue 8,172.3 8,373.6 - 201.3 - 2.4
Bellyhold revenue from SIA Cargo 1,130.5 1,154.7 - 24.2 - 2.1
Others 3,176.9 2,858.7 + 318.2 + 11.1
Total operating revenue 12,479.7 12,387.0 + 92.7 + 0.7
The Company’s passenger revenue decreased $201 million (-2.4 per cent) in 2013/14, as a result of:
$ million $ million
1.4% increase in passenger traffic: + 116.0
3.4% decrease in passenger yield (excluding fuel surcharge):
Lower local currency yields - 162.9
Foreign exchange - 125.9
Change in passenger mix - 28.5 - 317.3
Decrease in passenger revenue - 201.3
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 103.6
1.0% change in passenger yield, if passenger traffic remains constant 81.7
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)
฀ ฀ ฀ ฀ 2013/14฀ 2012/13฀ %฀ Change฀฀ 2013/14฀ 2012/13฀ %฀ Change
East Asia 2,577.5 2,570.0 + 0.3 4,397.4 4,422.9 - 0.6
Americas 1,566.6 1,638.0 - 4.4 698.0 740.2 - 5.7
Europe 1,903.8 1,868.8 + 1.9 1,383.8 1,312.8 + 5.4
South West Pacific 1,419.0 1,524.3 - 6.9 1,336.5 1,503.4 - 11.1
West Asia and Africa 705.4 772.5 - 8.7 356.6 394.3 - 9.6
Systemwide 8,172.3 8,373.6 - 2.4 8,172.3 8,373.6 - 2.4
R6 Each area of original sale comprises countries within a region from which the sale is made.