Singapore Airlines report worst ever February traffic declines, as load factors slump

Centre For Asia Pacific Aviation, 17 Mar 2009
Singapore Airlines today reported its worst ever decline in passenger traffic. Revenue Passenger Kilometres were down 17.0% and passenger numbers fell by 20.2%.
And, despite the fact that SIA had reduced capacity over the month (Available Seat Kilometres) by 8.5%, this meant that system load factors fell by a whopping 7.1%, from 76.8%, to 69.7%.
Cargo Freight Tonne Kilometres fell 15.2%, with freight carried down 16.9% by weight and cargo load factors fell 5.5%.
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Singapore Airlines flies 20 pct fewer passengers - International Herald Tribune