Singapore Airlines Ltd.’s Scoot plans to fly to at least five cities by the end of the year as the group adds long-haul budget services to compete with Jetstar and AirAsia X.
Scoot intends to announce destinations in China and Japan, Chief Executive Officer Campbell Wilson, 40, said in a Feb. 17 Bloomberg TV interview in Singapore. The carrier, which is due to start flights in June or July, has already said it will fly to Sydney and the Gold Coast in Australia.
Scoot intends to announce destinations in China and Japan, Chief Executive Officer Campbell Wilson, 40, said in a Feb. 17 Bloomberg TV interview in Singapore. The carrier, which is due to start flights in June or July, has already said it will fly to Sydney and the Gold Coast in Australia.
Singapore Air is forming Scoot after low-cost carriers won 26% of passenger at its Changi Airport home, contributing to waning load factors and declining profit. The new unit may do little to help revive earnings amid a long-haul travel slowdown, said K. Ajith, an analyst at UOB-Kay Hian Research.
Singapore Air’s passenger numbers rose 1.3% last year, trailing an 11% surge for Changi.
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