Singapore Airlines 2015 Annual Report Download - page 56
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Revenue
The Company’s revenue declined marginally by 0.5 per cent to $12,418 million as follows:
2014/15 2013/14 Change
$ million $ million $ million %
Passenger revenue 8,155.7 8,172.3 - 16.6 - 0.2
Bellyhold revenue from SIA Cargo 1,120.6 1,130.5 - 9.9 - 0.9
Others 3,142.1 3,176.9 - 34.8 - 1.1
Total operating revenue 12,418.4 12,479.7 - 61.3 - 0.5
The Company’s passenger revenue decreased in 2014/15, as a result of:
$ million $ million
0.9% decrease in passenger traic: - 73.5
1.2% increase in passenger yield (excluding fuel surcharge):
Higher local currency yields + 174.6
Change in passenger mix - 71.7
Foreign exchange - 46.0 + 56.9
Decrease in passenger revenue - 16.6
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 103.9
1.0% change in passenger yield, if passenger traic remains constant 81.6
A breakdown of passenger revenue by route region and area of original sale is shown below:
By Route Region ($ million) By Area of Original SaleR5 ($ million)
2014/15 2013/14 % Change 2014/15 2013/14 % Change
East Asia 2,701.3 2,577.5 + 4.8 4,509.6 4,397.4 + 2.6
Americas 1,346.6 1,566.6 - 14.0 580.9 698.0 - 16.8
Europe 1,916.2 1,903.8 + 0.7 1,375.7 1,383.8 - 0.6
South West Pacific 1,488.4 1,419.0 + 4.9 1,304.9 1,336.5 - 2.4
West Asia and Africa 703.2 705.4 - 0.3 384.6 356.6 + 7.9
Systemwide 8,155.7 8,172.3 - 0.2 8,155.7 8,172.3 - 0.2
R5 Each area of original sale comprises countries within a region from which the sale is made.
Financial Review
Performance of the Company
(continued)
54 PERFORMANCE | Financial Review |