Scoot, Singapore Airlines’ long-haul budget carrier, has opened its books for the first time and the picture is not pretty. It revealed losses of more than $25 millionin less than two years, the Straits Times reported.
The red ink comes amid intense competition among Asia- Pacific carriers - both full-service and budget - seeking a slice of a growing market.
Wednesday, September 17, 2014
Scoot bleeds $25 mil in 2 years amid crowded skies
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