SIA Group Starts 2026 With Higher Passenger Volumes but Softer Load Factors
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SIA Group reported mixed operating metrics for January 2026, with Singapore Airlines experiencing slight declines in traffic and load factors, while its low-cost arm Scoot saw increased capacity and passenger volumes. The group's combined passenger capacity rose 2.1% year-on-year, and passengers carried increased by 4.1%. The cargo business remained stable, with a 1.2% rise in volumes. Regional performance varied, with stronger load factors in East Asia and the Americas, but weaker in Europe. Analysts rate SIA stock as a Hold with a price target of S$7.23.
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