From October 29, Singapore Airlines will restructure its flights to Bengaluru, Chennai, and Hyderabad

Subject to regulatory clearances, Singapore Airlines (SIA) and its low-cost affiliate Scoot will reorganize its Bengaluru, Chennai, and Hyderabad flights as of October 29, the airlines said on Thursday.

In order to facilitate this change, SIA will now provide daily morning and evening flights to Bengaluru, the airline said in its first-quarter FY2023/24 report on Thursday.

The SIA Group said that it would also enhance service between Singapore and Chennai from 17 to 21 times per week. Scoot will start daily operations in the city on November 5, 2023, after SIA transfers part of its Chennai routes to the low-cost airline.

Furthermore, SIA would gradually replace Scoot’s daily flights between the two cities by increasing its weekly service between Singapore and Hyderabad from seven to twelve times per week.

These modifications show the SIA Group’s capabilities and flexibility to adapt operations between SIA and Scoot to suit changing consumer demand and are a part of the ongoing assessment of the network.

Amid strong demand for air travel during the mid-year school holidays and the beginning of the summer travel season, the Group reported a net profit of 734 million Singapore dollars in the first three months of FY2023/24, the highest quarterly performance in its history.

Group passenger capacity increased by 32.4% year over year as international air travel restrictions are loosened.

Strong demand was seen across all route areas and market sectors as SIA and Scoot transported 8.4 million passengers during the quarter, a 65.5 percent increase from the same period last year.

All markets had improvements in passenger traffic and load factors, with a year-over-year traffic rise of 49% surpassing an increase in capacity.

With SIA’s PLF at a record 88.1 percent and Scoot’s at a record 91.7 percent, the Group set a record quarterly passenger load factor (PLF) of 88.9 percent.

As the demand for air freight continued to diminish, the performance of the cargo category decreased year over year.

While capacity increased 12.1%, mostly due to the expansion of bellyhold capacity as additional passenger planes resumed operation, cargo loads decreased by 11.3% year over year.

The cargo load factor decreased by 13.7 percentage points to 51.8%, while the cargo yields decreased by 44.3% from the previous year.

While still 50% higher than the pre-COVID level of 29.7 cents per load tonne-kilometer (first quarter of FY2019/20), cargo yields at 44.6 cents per load tonne-kilometer continued to be a major factor.

As a result, Group revenue increased by 551 million Singapore dollars (+14.0%) on a yearly basis to $4,479 million, with higher passenger flown revenue of 1,001 million Singapore dollars (+37.4%) partially offsetting a decline in cargo flown revenue of 555 million Singapore dollars (-50.6%).

The amount spent increased 353 million Singapore dollars (+10.5%) year over year to 3,725 million dollars, with a decrease in net fuel cost of 220 million Singapore dollars (-17.3%) partially offsetting an increase in non-fuel expenditure of 572 million Singapore dollars (+27.3%).