GLG News, 17 Aug 2009
On the face of it, Singapore Airlines July 2009 traffic figures make for an interesting read.
Overall system load factor was up 1.1% to 69.7% YoY, but this disguises the torment the big Asian carrier is suffering while yield erosion shows no sign of stopping.
Singapore Airlines load factors still languish around 5% behind the IATA industry average – demonstrating that adding new airplanes with excessive/inflexible capacity such as the A380 are now hurting operations and the bottom line. No carrier can stay cash-rich forever; British Airways will testify.
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