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Singapore Airlines Say Capacity Has Risen Again

The third largest of the Asian carriers is upbeat about figures...

Singapore Airlines has filled more capacity on its flights in February from a year ago, the second month of gains in almost a year, as companies shipped more cargo overseas and more people traveled by air with the carrier. Asia's third-largest carrier by sales said it filled 72.8 percent of total available space in February, compared with 69.8 percent a year ago.

The results are better than in January, when the carrier filled 69.7 percent of total available space. The airline's stock has risen by 28 percent this year as investors bet that signs of a recovery in the USA will lead to stronger demand for Asian exports and encourage more traveling. The airline, which has offered cheaper tickets and cut flights since the September 11th terrorist attacks, has said it will resume some flights to the US and Europe as demand returns. Singapore Air filled 77.6 percent of its passenger seats in February, compared with 72.8 percent a year ago. This month's figure is better than the 76.3 percent of passenger space it filled in January. Passengers account for almost three quarters of sales.