Singapore Air load factor rises

Singapore Airlines may edge higher in stockmarket trade after reporting that its overall load factor in May improved to 64.6 pct from 62.8 pct a year earlier. Passenger load factor during the month rose to 70.7 pct from 67.4 pct as capacity grew 3.7 pct year-on-year, it said.

Cargo load factor inched up to 60.9 pct from 60.2 pct, the flag carrier said.