Scoot posted a strong February operational performance due to the low-cost carrier (LCC) benefiting more from the holiday travel spike ahead of Chinese New Year. It delivered a 19.7% y-o-y increase in passenger traffic for Feb26 (YTD26: up 16.2%). SIA's cargo carried grew 9.4% y-o-y, accelerating from the 2.6% y-o-y growth in Feb 2025. This was at the backdrop of marginally reduced cargo capacity (down 0.5%), likely attributed to lower demand from Americas and Europe, which registered an 18.4% and 19.7% drop in cargo load factor (CLF) respectively. CLF in East Asia was up 8.3% y-o-y, driven by Chinese New Year demand.
Outlook
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