In January 2010, Singapore Airlines’ systemwide passenger carriage (measured in revenue passenger kilometres) declined year-on-year by 1.6%, on the back of a larger reduction in capacity (measured in
available seat kilometres) of 7.8%. As a result, passenger load factor (PLF) increased 5.0 percentage points to 79.1%. The number of passengers carried decreased 3.3% over the same month last year to
1.4 million.

The year-on-year reduction in capacity followed the planned reduction in frequencies, termination of services to Amritsar and Vancouver (via Incheon), and the transfer of Hyderabad and Penang operations
to SilkAir.

Passenger demand continued to recover in tandem with the improving global economy. All regions recorded improvements in PLFs over the same month last year.

Overall cargo carriage (measured in freight tonne kilometres) improved by 3.3% on the back of systemwide cargo capacity reduction of 6.8%. This resulted in the 5.9 percentage points improvement in
the overall cargo load factor (CLF). General improvement in the economic environment continued to contribute to the improvement in CLFs across most regions.