Singapore Airlines 2015 Annual Report Download - page 39

SIA
Cargo
SIA Cargo narrowed its operating loss to $22 million
for the year in review. Despite a moderate recovery
in global air freight demand as reported by the
International Air Transport Association, the air
cargo industry continued to experience challenges,
with uneven demand growth and continued
downward pressure on yields.
As at 31 March 2015, SIA Cargo’s fleet consisted of
eight Boeing 747-400 freighter aircra. Freighter
aircra utilisation improved from the previous
year as a result of more eective deployment
of capacity to match demand through both
scheduled services and charters. During the year
in review, SIA Cargo launched a weekly New
Delhi freighter service to complement bellyhold
capacity on existing scheduled passenger flights.
Frequency of freighter services to Americas and
Europe was also increased during periods of
high demand. In particular, air freight demand to
the USA received a boost in February and March
2015 as a result of sea port congestion on the US
West Coast.
Besides widening its own network, SIA Cargo
expanded network connectivity and growth
opportunities through partnership arrangements
with other airlines. From 1 April 2015, SIA Cargo
started managing SilkAir’s bellyhold space. The
integration of SilkAir’s bellyhold capacity into SIA
Cargo’s overall operations will deliver a stronger
value proposition to its customers, by providing
SIA CARGO FLEET
COMPRISES
8
Boeing 747-400
freighter aircra
SIA Cargo expanded network
connectivity and growth
opportunities through partnership
arrangements with other airlines.
Singapore Airlines | Annual Report FY2014/15 | 37